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Ways to get your tenant to pay more rent - 4

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.

External features

Australia’s tropical climate means we live outdoors more than people in many other countries around the globe.

So, whether it’s a bona fide backyard, a courtyard or a balcony, it’s highly likely that your tenant will spend months soaking up the sun outside.

That’s why it’s so surprising that many landlords often forget about the external spaces.

Overgrown gardens or courtyards festooned with weeds never attracted anyone except creepy-crawlies.

Instead, why not spend a little bit of money tidying up the garden or courtyard – and perhaps pay to have it maintained by a handyman during the tenancy, too.

That way, the tenants can enjoy the outdoors as much as the indoors.

Plus, they will likely pay more rent for the opportunity to regularly spend time in useable and attractive spaces.

Because no one wants to hang out in an unkempt outdoor mess and they certainly won’t pay for the privilege of doing so.

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
Thursday, 11 March 2021


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