- Maintain a well-kept property by taking care of the lawn, trimming trees, planting flowers, and cleaning debris.
- Have the HVAC system checked regularly and repair any damages or issues so potential renters will be satisfied with the property.
- Price your rental competitively to attract the right tenants.
- Focus on energy efficiency by adding insulation, installing an ASHP system, and using LED lighting.
- Advertise your rental in multiple places and screen tenant applications thoroughly.
As a property owner, one of your responsibilities is finding good tenants for your rental property. A good tenant can make your life as a landlord much more manageable by paying rent on time, taking care of the property, and generally being a responsible tenant. Finding these types of tenants can be tricky, but there are a variety of ways to increase your chances. If you’re struggling to find great renters, here are some ideas that will help.
Maintain a Clean & Well-kept Property
One of the best things you can do to attract great tenants is to ensure that your property is clean and maintained. A tidy and well-cared-for property shows potential renters that you take pride in your property and care about their living conditions. Here are simple things you can do:
Maintaining the property’s landscaping is a great way to boost your tenant attraction efforts. Consider taking care of the lawn, trimming trees and bushes, planting flowers, and cleaning up any debris that may have accumulated. This will not only make your rental property look more attractive, but it will also give potential tenants an idea of what to expect in terms of property upkeep.
Having your HVAC system checked and serviced regularly is another great way to attract good tenants. A well-maintained HVAC system ensures that tenants will have efficient and reliable heating and air conditioning all year round. Plus, you’ll show potential renters that you care about their comfort.
It’s crucial to repair any damages or issues with the property that could lead to tenant dissatisfaction. This includes everything from leaky faucets to cracked windows and broken appliances. Investing in regular maintenance can help keep your tenants happy and make your property attractive to good tenants.
Price Your Rental Competitively
Price is a crucial factor when it comes to finding great tenants. If your rental is priced too high, it may be out of reach for potential renters or may attract tenants who are not financially responsible.
On the other hand, if it’s priced too low, it may attract tenants who are less responsible and could potentially cause problems. Research the area and see what other rentals are going for, then price your rental competitively to attract good tenants.
If possible, offer incentives like discounted rent for signing a longer lease. This can help make your rental more attractive and increase the chances of finding reliable tenants.
Focus On Energy Efficiency
Energy efficiency is an essential factor for tenants these days. Many potential renters look for properties that offer green features to help keep their utility bills low. Here are some examples:
Adding insulation to your rental property is a great way to attract good tenants while also improving energy efficiency. Insulation helps keep the interior of the home comfortable and reduces energy costs. This is especially important in winter months when utility bills can be pretty high.
Air Source Heat Pump (ASHP)
Installing an effective ASHP system is another excellent way to increase energy efficiency and make your rental property more attractive. ASHPs are effective at heating and cooling the interior of a home while also providing low-cost energy solutions.
LED lighting is becoming increasingly popular as it provides a lot of energy savings over traditional lighting. This is because LEDs use far less power and last much longer. Moreover, LED lighting also has a lower environmental impact than conventional lighting.
Advertise & Screen Thoroughly
When it comes to finding good tenants, you need to cast a wide net. Advertising your rental on multiple platforms can help you reach a wider audience and ensure that you find a good pool of potential renters.
Screening tenant applications is an integral part of finding good tenants. Make sure you’re thorough when reviewing applications and check references, income, and rental history. Consider running a background and credit check to ensure that potential tenants are financially responsible and have a clean record.
Once you find a responsible tenant, you want to keep them. Consider offering incentives to encourage good behavior and long-term tenancy. Things like waiving late fees or offering a small discount for leases longer than a year can create a positive relationship between you and your tenants.
Finding great tenants is essential when it comes to owning rental property. By maintaining a clean and well-kept property, pricing your rental competitively, advertising on multiple platforms, screening tenant applications thoroughly, and offering incentives to good tenants, you can attract high-quality renters who will make your life as a landlord much more effortless. Remember that being a good landlord is a two-way street, and by ensuring that you are providing excellent service and care for your rental property, you’ll attract the best tenants who will enjoy long-term tenancies.