Ways landlords can find a
tenant in a tough rental market
If you think it’s harder to rent
out your property than ever before, you’re not imagining it.
Not
only are there fewer international migrants renting due to border restrictions,
but many short-term rentals have converted to long-term.
While rents have held up in some
areas, prices in some cities have taken a downturn.
But
instead of a race to the bottom, there are other ways to attract the right
tenant.
Renovate the property while it’s vacant
Updating
a tired rental property can potentially improve returns and help landlords
quickly secure a tenant.
Given the new year
is a typical tenant changeover period, it may be a good time for cosmetic
renovation.
Investors should
take the opportunity to upgrade the property while it’s empty.
It’s never been a
better time to freshen up paint or carpet. Normally, you’d have to designate a
vacancy, whereas at the moment since the property is vacant you may as well do
that
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, 6 May 2021
