The highest of returns are highly sought after by every landlord when it comes to their property investment. This article outlines a number of clever ploys to ensure that you are making as much rental income as the market allows (without utterly disgruntling your tenants).
- Begin Staging Your Property: The Benefits of Staging
First impressions count. Make certain your outdoors is trim and neat, the tiles are in good repair, house cleaned or neutralised of unpleasant odours. A good way to command a higher rent and get better quality tenants is with some small upgrades, like fresh paint, modern fixtures or improved lighting.
- Offer Desirable Amenities
Amenities such as high-speed internet, dishwashers or a gated lot are other ways your property can stand out. Think local and put your money where the demand is. For Letting Agents Bridgwater, contact https://www.sykesmoore.co.uk/lettings/letting-agent
- Stay Competitive with Your Pricing
Share similar property research for your area that shows you are in line with the market. You should not charge less than the rate your property dictates, however beware trading one week of vacancy for an extra £10/week in rent.
- Keep Up with Maintenance
Preventative upkeep will stop small problems from turning into enormous ones. Properties that are in good repair will allow for better rental values and longer tenancies.
- Consider Allowing Pets
Properties that accept pets are popular. You can unlock your property to a bigger market and maybe even let it out for more with the appropriate protections in place.
The long and short of it is hiring a good agent can assist with the marketing, tenant screening, letting process to ensure your property is rented as quickly as possible (maximising earning potential) and you benefit from peace of mind.
By getting ahead of these issues, you should be able to maintain a great rental income while also keeping your tenant relationship healthy and looking after the long-term health of your investment.
