Tips for Securing Quality Tenants

Do you have a vacant rental property or a lease with a tenant that won’t be renewed?  Empty investment properties can cause a huge dent in cash flow.  The goal of every investor in rental property is to continuously have quality tenants.  What constitutes a quality tenant? A quality tenant fulfills all the terms of the lease, pays rent in full, on time and maintains the property. Follow these recommendations from successful property investors to secure and maintain quality tenants for your rental property.

Prepare the property for rental. Many prospective tenants will pre-judge the interior of the home by the curb appeal. Pay special attention to the landscaping and exterior of the property. Address any deferred maintenance issues on gutters, doors, windows & shutters. Trim shrubbery below windows and away from walkways. Power wash the walkways and the driveway. Re-trench flower and shrub beds and apply fresh pine straw or mulch as needed. Update the entrance with new lighting, house numbers and mailbox. Check out the awesome deals available from Groupon coupons and select from the terrific variety of exterior décor at Lakeside Collection.

On the interior, repaint all of the walls and trim a neutral shade. Power-clean the bathrooms and kitchen. There should be no trace of the prior occupants of the property. Steam clean the floor covering or replace as necessary. Shine all windows on the interior and exterior. Open windows for several hours to remove any lingering odors in the property. If necessary, boil sliced oranges and cinnamon sticks to create an inviting aroma.  Ensure all appliances, including the HVAC system, have been serviced and are in good working order. Replace lightbulbs as needed. Address any deferred maintenance issues.

Finally, take multiple pictures of the interior and exterior of the property. Prepare a written description and list the property for rent on one of the many property rental websites. Be prepared to respond promptly to all inquiries. Potential tenants often are seeking to view properties on the same day as the inquiry is made. Have copies of the lease and rental application at the property as well as available digitally. Best of luck in securing a quality tenant.

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