Renting out your property is a good way to cope with the current financial situation in the country. To be able to compete in the rental market, you have to make sure your property is as good as, if not better than, the rest of the rental properties out there.
In marketing a property, looks is everything. Most of the time, the condition of a home in the inside is reflected by its condition on the outside. Attract potential tenants by following these steps:
Stay away from cheap sign boards. They leave a bad impression to potential tenants. Instead, use a bold “For Rent” sign. Choose one with attached mail tube where you can add information on the apartment.
Mow grass regularly. Once every two weeks is ideal during the growing season. Make sure that grass does not reach a couple of feet high.
If a tenant has an old car parked in the garage, tell them to have the car fixed or better yet, towed away. A junk car pulls down the value of your property.
Keep a good waste management system. Avoid placing trash cans along the curb as potential tenants will readily see them and lose interest in your property. Talk to your other tenants and get them involved in keeping your property in sound condition.
Just like grass, keep your shrubs short. Remove all weeds. Construct pine straw for vines.
Put yourself in the shoes of the tenant. Drive around your home and check it from the street. If you were a tenant, would the property catch your interest? Is the property appealing enough to get you out of your car? Make necessary repairs and changes depending on your observation.
Keeping your rental property in good shape might cost you some amount, but in the end, it will all be worth it. Tenants will start coming in and you will notice them staying longer in your property.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.
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