Rental Properties: 3 Tips to Attract the Best Tenants

If you have rental properties, you want to make sure that you are renting to the best possible tenants. Even with good rental property insurance, you want renters who will take care of your property. Here are some tips to help you attract the best potential tenants.

Set the Right Price

Research the prices of other rentals in your area. You might think about setting your price lower than other properties to attract more potential tenants. A lower price might increase your number of applicants, but those applicants might not all be the best potential tenants. You could simply end up with more applicants to sift through. You should set a competitive price without going too low.

Improve Visual Appeal

Desirable tenants will be turned off by rental properties that look dirty or dingy. Before you show your property, you should make sure it looks its best. There are some basic tasks that will help increase the visual appeal of your rental:

  • Add a fresh coat of paint
  • Fix any visible damage
  • Make sure appliances are in working order
  • Have a thorough cleaning done

Offer Upgraded Amenities

You can make your rental stand out over similar properties in your area by offering some desirable amenities. There are a variety of upgrades that might entice tenants to your property:

  • Included utilities
  • Security system
  • Upgraded appliances
  • Keyless entry
  • Smart thermostats

Following these tips can help make your rental properties more desirable for the best possible tenants.