Owning a rental property is a great investment. But to make the most out of it, you need to ensure that it is occupied by tenants who can pay the rent on time. Attracting renters to your property can be challenging, but it is not impossible. With the right strategies and approach, you can make your property stand out among the rest. Basic Construction is here with our most effective strategies to attract renters.
1. Showcase the Property’s Best Features
The first step in attracting renters to your property is to showcase its best features. Take clear, high-quality pictures of your property that highlight its unique features, such as a newly-renovated kitchen, spacious bedroom, or outdoor living space. You can also create a virtual tour of your property that gives renters a 360-degree view of the layout and features.
2. Determine the Best Rental Price
Setting the right rental price for your property is crucial for attracting renters. Too high, and you risk turning away potential renters; too low, and you might not earn enough from rent to cover your expenses. Researching the rental prices in your area can give you a good idea of the correct price point. When setting your rental price, several professional resources can be consulted to consider the amenities, location, and size.
3. Create a Welcoming Atmosphere
Your property should feel comfortable and inviting, which can be achieved by incorporating soft furnishings and decor elements. You can also add some plants and artwork that enhance the ambiance. An inviting front door can also make the difference, so consider a fresh coat of paint and a brand-new doormat to show professionalism.
4. Advertise the Property
After highlighting your property’s best features, determining the right rental price, and creating a welcoming atmosphere, you should advertise your property. There are many different platforms that you can use to spread the word about your rental listing, including real estate websites, social media, and rental platforms like Airbnb and Rentberry.
5. Provide Excellent Customer Service
Last but not least, excellent customer service can differentiate your rental property from others in the market. Even after you have secured a renter, it’s important to ensure they feel accommodated and satisfied during their stay. Quick responses to inquiries, a maintenance service that fixes any issues promptly, and a friendly attitude can go a long way in establishing a good reputation and ensuring that renters renew their leases.
We’ll Help You Keep Your Renters
Attracting renters to your rental property in Indianapolis, IN, can be daunting, but so can keeping them. Thankfully, Basic Construction can help you with both. Not only can we get your property ready for a new renter, but we can also respond to maintenance requests in a timely manner, fixing things up for your tenants and making them happy. We work on everything from painting to drywall repairs and flooring to roofing. So, submit your work request today at (317) 505-1030.