When you are getting ready to rent your apartment or home, there are some important things you need to be aware of. You need to prepare your rental property ahead of time so that when prospective tenants come to see it, they will be impressed with the state that it's in. This article will explain the steps you should take to ensure your apartment is in great condition prior to lease signing.
Keep the House Clean
When it comes to promoting your rental property, making sure the inside is presentable to potential renters can go a long way. Even if your tenant will not be touching the walls or floors or ceiling, they’ll still want a clean space.
Luckily for you, there are professional cleaners out there that can save you from the hassle. Hire a professional cleaning company to clean your apartment overnight, so when other people come into view the apartment later in the week or even the next day, it will already look and smell great.
Give Your Flooring and Carpets a Makeover
Not only can new flooring and carpets make your apartment feel brand new, it’s also the easiest way to impress would-be tenants. Today’s renters connect the quality of a building to its appearance. In other words, they judge a book by its cover — and that cover is the hallway leading up to your apartment.
Don’t let mismatched flooring or dirty carpet ruin your chances of getting your apartment rented. If you want to unlock the full potential of your apartment then you need to start by taking advantage of these two easy upgrades.
Enhance Your Interior Appeal
While an apartment’s structural components are important for qualifying prospective tenants, there’s more to rentability than that. If you want your apartment to be a hot commodity, then you need to pay attention to the finer details of interior design.
While most of the interior changes you make will be done during and after tenant move-in, there are several minor things you can do in advance to get a head start on impressing renters. The simple visual feedback from these subtle improvements can pay off in bigger ways than you would believe.
Decide Who Will Manage the Property
Getting a tenant to pay rent is no small undertaking. It usually takes time to find a tenant who’ll move in, and a landlord still needs to get the property ready for them. You want to be sure your property’s as desirable as possible for potential tenants, but you don’t want to spend too much time and money on your home.
A better idea is to outsource your house management to a reputable property management company such as Property Management Morison. They will take care of everything from finding a renter to helping make repairs and preparing your house for new tenants - at month's end you'll get your share of the profits.
Make Renters Feel Safe
Renters want to feel safe in their new homes, and as a landlord, you can provide this sense of security by re-keying all the locks to the home.
Re-keying locks keeps former renters from having access to your property after they have moved out. This process can be done on the day you sign a rental agreement or anytime it is convenient for you. You will need a new key made for each lock.
Carry Out Necessary Maintenance and Repairs
The best thing you can do when trying to get an apartment rented is make a list of necessary maintenance repairs.
For each item, decide whether it needs to be fixed or replaced in order for your apartment to rent. Be honest with yourself—if you can just paint over that wall stain, say so. It's important to be realistic about what will and won't make a difference.
Renters often choose a property based on the condition of it. If you want to make sure that your property receives more applicants, be prepared to make some minor repairs; if the prospect has to repair something egregious, they may choose to pass on your property.
Get Landlord Insurance
Landlord insurance is one of the most important types of insurance that any landlord can get for their property. All landlords, even those that are self-managing, need a good landlord insurance policy to ensure that their buildings and assets are protected in case something bad happens to them.
Most of the landlord insurance policies do not make you declare if you are renting out your apartment. However, always use your discretion, do not try to trick or hide things from the insurance company because it could cause trouble later on. It’s better to be safe than sorry. You can contact any broker to get a quote for your apartment insurance plan as well.
Renting your apartment can be a smooth process if you do some prep work before showing your place. You'll not only make sure everything is looking its best, you'll also help keep prospective tenants around for a second look.