How Do I Attract and Keep Long Term Renters
The success of rental property depends on the owner’s ability to attract and keep desirable long-term renters. Here are some basic tips :
- Maximize “curb appeal” You have to “sell” the home to renters just as you would to buyers. Maintain the property exterior and landscaping.
- Keep a neutral color scheme. Carpet, tile, vinyl floors, and walls in neutral colors make it easy for prospective renters to imagine their furnishings in the home, apartment, or condo.
- Do more than keep the property in good repair and clean. Add extra amenities and conveniences such as a garbage disposal, self-cleaning oven, and refrigerator with an ice-maker.
- Provide basic lawn equipment and a tool kit to encourage upkeep of the property by the renter.
- Reward renter loyalty. Offer incentives to long-term renters such as paid cable TV, discounting rent when repairs are made by the renter, and offering referral fees for sending prospects to your other rental properties.
Tags: conveniences such, curb appeal, extra amenities, long-term, rental property
Posted July 20, 2009 by ][-NooM-][ under More Real Estate
