A successful high-end rental property will need equally well-suited tenants. If you are a landlord, while you may not have total control over variables such as location and price, there are several things you can do to make your property stand out and attract quality tenants.
Alongside providing clear information about the property and highlighting its best features, here are some other things you can do to attract the perfect tenants for a high-end rental property.
Write a Compelling Listing
With the vast majority of tenants use the internet to find their next rental, it’s important that you compose a compelling listing to help attract the right tenants for your property. There are several things you should do, such as using a hook in the listing’s headline, being informative, descriptive, and concise, as well as providing contact information so tenants can get in touch. With a large pool of rental properties to choose from, you will want the best quality tenants to seek out your property first.
Regular Maintenance is Essential
Another great way to attract the best tenants is by performing regular maintenance. Tenants want to know that the property is well looked after, so to avoid any problems after they have moved in, keeping on top of the condition of the property is key. Preemptive maintenance will not only save you time but money too.
Use Professional Photos
When putting your high-end rental property on the market, the photos you use to showcase your home can be the difference between attracting the right and wrong client. Professional photos can complete a listing and give potential tenants the tools to picture their lives in your space. Instead of relying on your smartphone, it’s advised to hire a photographer who can make your high-end rental property more desirable and appealing to tenants.
Thoroughly Screen Tenants
Although it may seem obvious, a common property management mistake is not thoroughly screening tenants. There are effective tenant screening procedures that can help you filter out unattractive tenants. Checking their credit score, income, and background should be your first step. If you require assistance, there are property managers at baymgmtgroup.com who can help. Bay Property Management Group is a retail property management company located in Washington, D.C. who can assist in the screening process, as well as collect rent, handle maintenance requests, and support both landlords and tenants.
Quality tenants will look for landlords who possess excellent communication skills. Being easily reachable and on hand to answer any questions will increase the likelihood of them renting. Keeping communication lines open from the beginning is essential and will help you find out more about the tenant and whether you feel they are the right fit for your property.
Whether you’re a first-time landlord, or you have an extensive property portfolio, selecting the right tenants for your property can be challenging. To ensure you make the right decision, all the tips listed above can help attract the kinds of tenants you’re looking for to rent out your high-end rental property.