Ways to Increase Rent

Improve Your Curb Appeal

It is likely that you have heard the saying that a person’s first impression of something is formed within the first 7 seconds. In other words, there isn’t much time for a person to make a first impression – and the same goes for a rental property. Hence just improving the aesthetics of the outside of the property (i.e. good landscaping, clean exterior, well kept paint etc.) will really help make an incredible difference in both getting top dollar for your rental property and increasing your rental income.

Quality Advertising

For those of you that think that all you have to do to rent a property is to simply place a sign in the yard, you are well-mistaken. In today’s modern society, if all you do is advertise with a sign in the yard, then you won’t get nearly the interest as you would online. The fewer the people you expose your rental property to, the less prospects there will be, which in turn, results in a lower price received for your rental.  Most landlords now use internet sites, such as Craig’s list, Facebook Ads, and Zillow to advertise properties for rent.  Hiring a real estate agent is also an option.  Though it generally costs one month’s rent for their assistance, they’re able to advertise the property on the MLS and complete background checks and leasing contracts for the owner.

Turn on the Interior Charm

There is no doubt that you should be giving your property a good cleaning before you show it to potential tenants. However, smaller things, such as ensuring that your home has good lighting and keeping the curtains open to allow natural sunlight to stream in is important too. This is simply due to the fact that darker rooms looks smaller, older, less welcoming and in general, just not as pleasant. Sometimes light staging helps a rental property to make a better impression.  This can include things, such as window coverings, silk plants, shower curtains and candles in the bathroom, etc.  Anything that gives perspective tenants a warm feeling as they walk through the home is helpful.  Of course a coat of fresh paint always makes a property feel clean and well-cared for.

There is no doubt that you should be giving your property a good cleaning before you show it to potential tenants. However, smaller things, such as ensuring that your home has good lighting and keeping the curtains open to allow natural sunlight to stream in is important too. This is simply due to the fact that darker rooms looks smaller, older, less welcoming and in general, just not as pleasant. Sometimes light staging helps a rental property to make a better impression.  This can include things, such as window coverings, silk plants, shower curtains and candles in the bathroom, etc.  Anything that gives perspective tenants a warm feeling as they walk through the home is helpful.  Of course a coat of fresh paint always makes a property feel clean and well-cared for.