The process of listing your rental home on the market to find new tenants can be frustrating if your listing doesn't generate good tenants quickly. Before listing the property, real estate investors must ensure the house is in good shape, make renovations to attract the best renters, and set a competitive rental price.
Once you find new tenants, there are many daily tasks for a rental property to make a good return on investment. Many smart property owners turn over those duties to a Newton, MA property management company to list and manage rentals! Today, we discuss how to do all of this and more!
Before listing your residential property, one of our best tips is to learn what Boston renters are looking for in a property. With these insights, investors have a better chance of attracting the best renters!
Some of the items you should handle before listing the property are:
Taking time to do these things before taking photos or letting a new renter moves in can save time and money compared to renovating with residents in the property.
One of the most critical parts of listing your rental property is the photos and videos! Great photos can keep your next renter from scrolling past the listing, while bad photos won't cause anyone to stop and look closer at your property. Today, many listings include video tours of the property to help attract more prospective tenants.
Remember, renters will want to see the interior and exterior of the house, so include both in your listing. Use a professional photographer or work with a Boston property management company to make your property look professional in the listing.
An excellent place to list your property for rent is a local platform if available. When you advertise with local listing sites like Craigslist, it can be seen by renters in the Boston area who are looking for homes to rent.
Renters also look at other sites like Zillow and Trulia, where you can pay to post ads about your rental property. If you're not sure of the best rental property listing sites or how to gain access for your listing, a property manager can help!
In addition to quality photos, your listing needs a catchy title and description to reel in the best potential renters! Be sure your title grabs a renters attention by including words like "beautiful" or "unique." Also, use an adjective that will make them feel good about living at this rental property, like "cozy" or "modern."
A property manager will also tell you that your listing needs critical details, including:
You only get one chance to make an excellent first impression. Make sure your listing makes a good one!
When you're listing generates plenty of applications, make sure you have a solid screening process in place to find the best renter. A tenant screening process can help property owners avoid the costly task of evicting a tenant. A property management company can assist owners with a thorough tenant screening process. They also help landlords by providing a move-in checklist and a customized lease to avoid a lack of protection that can happen with a free lease agreement.
Setting the right rent amount is key to finding good renters and making the best return on investment. We mentioned including the monthly rent payments in the listing, but it's important to make sure it's the ideal amount for the property! Work with a property manager to run a rental marketing amount that helps reduce vacancy times and delivers great renters for your property.
Putting a rental property on the market can be a daunting task, but we hope these tips help you find new renters faster (while reducing the potential for bad tenants and evictions). Consider partnering with a professional management company if you need help with property listings. CHARLESGATE Property Management offers property management services, including listings, tenant screening, and more!
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