Having a quality rental property is not enough to attract tenants. In hot markets good rentals may be a dime a dozen. You need to come up with ways to have your property stand out from the crowd. Instead of massive upgrades throughout the property you are better off making subtle, but impactful, changes.
Updating the kitchen may be great for your primary residence but doesn’t provide a great return on a rental property. There are several everyday items that will instantly attract attention and help you find quality long term tenants. Little things like painting the walls and changing the dishwasher may seem obvious, but many landlords opt to keep things status quo. When they have trouble finding tenants they can’t seem to figure out why. If your current lease is coming to an end and you need to find tenants keep these five important items in mind.
Owning a rental property requires constant attention. All the items you put on the back burner over the years eventually need to get done. When you are looking to fill a vacancy, it is a good time to start doing them.