It’s no secret that the rental market in some parts
of the country is sluggish.
But just because some areas are performing below average it doesn’t mean
that investors can’t achieve rental growth.
The truth of the matter is that you can manufacture higher rents no
matter what the market is doing.
Don’t believe me?
Well, let’s take a look at some of the strategies to get your tenant to pay more rent.
1. Renovation riches
There are a number of simple renovations that you can undertake to
increase your property’s appeal to renters and owner-occupiers alike.
And by completing a few easy renos, you’d be surprised at how much
better the property can look – as well as the extra rent you can charge for it,
too.
Simple renovations to consider can include:
·Repainting internal walls
·New blinds or curtains
·Improve storage options such as wardrobes
·Install a dishwasher
·New carpet
·Install air-conditioning, especially in hotter
climates like Queensland.
Any of these renovations can be completed quite affordably, while also
improving your yield at the same time.
RealRenta has all
the tools that a property manager has, but at over ¼ the cost of a property
manager.
Join now and the
cost is less than a cup of coffee a week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Jason Gwerder
Monday, 8 March 2021
