After you have made the necessary improvements to attract tenants, furnished your apartments, and increased your rent, it is time to highlight these features to help them choose your property. Make Your listing will make your property stand out and attract tenants. These are some of the things to consider when advertising your rental property.
Note: This is the 7th installment of our series about the best ways increase rent. Check out our other installments.
Part 1: 6 Rental Property Renovations that Will Boost Your Income
Part 2: Fees to Pets Rental Property
Part 3: Furnished Rental Apartments
Part 4: Submetering Water and Electricity Utilities vs RUBS
Part 5: Additional Sources Rental Income
Part 6: The Top 8 Apartment Amenities Renters Are Looking For
Part 8 How You can write a notice for a rent increase
The Right Rent
Renting a property is a good idea. You should know how much rent to charge. Rent estimates are the best way to determine the right rent. You can use a rental estimate to help you make decisions about your property. You might need to increase rent for the next renewal or to vacate your property to maximize your return. To Our rental calculators can help you determine whether your real-estate investment is financially viable.
RentCast can be used 100% free, but you can always upgrade to unlock additional features as you grow your rental portfolio.
Also, we recommend doing your own market research via sites like Zillow or Craigslist. You can compare similar properties that have identical bedrooms and bathrooms. You can adjust your estimates depending on the area and amenities.
A compelling Title and Description are essential.
The It is important to be as descriptive and accurate as possible when writing property descriptions. Highlight any improvements or other upgrades. Provide information about the property, such as its dimensions and bedrooms, bathrooms, washer/dryer and washer/dryer.
To make the space come to life for tenants, use engaging language. This will allow them to visualize themselves living there. You should highlight the distinctive features and focal points that make your home stand out from other properties on the market. Details about views, fireplaces, and walk-in closets might be included.
Many of the best property management software platforms, such as Take advantage of this offer, TenantCloud?, and RentRedi These features will be asked about and highlighted in your rental listing.
Make use of Photos, Videos, and a Floorplan
Add high-quality photos to the rental listing along with a detailed property description. You should include photos of all common spaces and rooms. To make your listing stand out, add a video tour. Numerous studies have shown that video tours are more effective at retaining information than text-based ones. Make You should highlight the best features of the property in a video.
A majority of respondents believe that 3D tours will help them better understand the space than static photos. To You can create a virtual tour of the space by combining still and video footage. This will give viewers a 360 degree view. With drone footage, you can also show the surrounding area. These are two great virtual tours tools that you should consider investing in for your rental properties:
Asteroom 3D Virtual Tour kit
Asteroom 360 Camera 3D Virtual Tour Real Estate Kit
It might be tempting to just take your own photos and videos, but hiring a professional photographer will give you more long-term benefits. Pro photographers have the skills to capture the right lighting conditions, angles and times of day. This will make your photos stand out in the eyes of potential tenants who are looking for properties. Because hundreds of potential tenants are likely to search the internet for photos of your home, it is vital that you do this.
You can make your property standout by staging it using the appropriate decor and furnishings. Your rental income can be increased by staging in a competitive market. Staging can increase the appeal of your property to tenants looking for homes in slow markets and areas with high vacancy rates. The time it takes to find tenants may be reduced.
Floorplan software can also be used for creating floor plans. You can give your tenants an authentic feeling of the home so they can walk around it as if they were there. According to the 2022 Zillow Consumer housing Trends Report, 82% of respondents said that they are more likely than others to view a home listing that includes a floorplan they love.
Attract the Best Potential Tenants
Based on your location, amenities and space, you can determine what kind of tenant would most be interested in your rental listings. Determine what qualifications are needed, such as income, lease length, smoking ban, pets, credit scores and credit score.
To ensure that they are qualified, you may also ask prescreening questions. These questions will limit the number qualified applicants who inquire about your listings. You’ll be able spend less time rejecting applicants. It is important to create a rental criteria list that describes your needs. This is required in Seattle, for example.
Do not discriminate in housing Make You must ensure that you fully understand the rules. The The Fair Housing Act prohibits discrimination when it comes to housing.
Race
Color
National Origin
Religion
Sex
Familial Status
Disability
Most Frequently Asked Questions Your Rental Listing
How How do I make my rental listings stand out?
The A compelling and detailed description of the property is key to making your rental listing stand out. Your High-quality photos and videos should be included in the ad. Potential tenants will be attracted to the property by a virtual tour in 3D. In order to attract the best tenants, consider adding rental criteria and prescreening questions.
How Can I post my rental listing free of charge?
The The easiest way to advertise your rental listing on social media is by posting it. You can also advertise your rental listing on popular property management platforms. These tools allow you to screen potential tenants, handle maintenance requests, and collect rent.
How How do I attract tenants for my rental property?
To You can attract more tenants by creating a compelling rental listing that includes great photos, videos and a virtual tour. It should also make it easy for tenants to arrange a visit. You might consider using a property management platform with scheduling capabilities. These tools make it possible to add appealing amenities and features when renting a property.
How What can I do to make my rentals more desirable?
There are many great ways to increase your rental property investment: you can charge pet fees, make the property more livable, add amenities, or furnish it. To You can read more by visiting the previous posts “How to Increase Rent”.
How do I promote my rental listing?
The The most popular ways to promote your listing are social media platforms such as Facebook, word-of-mouth, signs on the property and online listing platforms like Zillow and Craigslist. Multiple sites can be used by many property management programs to list your rental listing.
