If you are trying to rent out your available property – to a family or bachelor; you need to spend a significant amount of time to make sure that your property is visible to the right people. Listing the property online is probably the best way to find the right tenants fast. To differentiate your property from the lot, and draw in the maximum attention of prospective tenants, you need to make it rent-ready and follow the right procedure to create an attractive listing. A lacklustre rental listing with inadequate information easily gets overlooked by the crowd. If you want to attract genuine tenants, follow the below steps while posting your property online:
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1. Make your Property Rent Ready
When tenants are scouting for the property they can call ‘home’, they prefer houses that are rent ready. By rent ready we mean, a house that is cleaned, repaired and remodelled to accommodate new tenants. Before putting your house up for rent, make an outline of the tasks that need to be accomplished to bring your property back to its best condition. To avoid unnecessary hassles for new tenants and to avoid any delay in moving dates, book carpenters, cleaners, painters, pest control, etc in advance and let them get to work. Refurbish your house beforehand so that it can be showcased to prospective tenants in all its glory.
2. Post-Necessary Details
While listing a property online you need to keep your information crisp and clear. A listing with detailed information helps avoid unnecessary calls and visits by misinformed prospective tenants. It will also help potential tenants move one step closer to making an informed decision faster. To avoid filtering out potential clients due to garbled information, you need to mention the details like:
- Type and Size of the house: The type and the size of the house should be clearly mentioned at the top of your property description. As per NoBroker data, 70% of people filter property based on the type of house e.g. 2 BHK apartments, or 4 BHK villas etc. If this information is not clear, there are high chances of you missing out on genuine tenants.
- Rent and Deposit: The rent charges should be clearly stated as this will help tenants figure out if the house if affordable or not. More than 50% of people schedule a house visit based on the price of the house. So, all the charges should be clearly mentioned.
- Amenities: Highlight all the amenities that you think make your house stand out from the crowd. Also, add all the shared amenities that your tenant can access like Gym, Pool, Club House, Super Market, Lawns, etc.
2. Set Up Your Tenant Requirements in Advance
It’s crucial to have an idea of the type of renter you want before you market a property or hold a viewing. This way when creating the listing, you now have a target market to concentrate on and a way to focus your attention.
You should also be ready for inquiries regarding other aspects of the home like restrictions on smoking, pets, minimal income, and credit. In addition to streamlining the procedure, having everything on paper can if necessary, shield you against charges of prejudice.
3. Click High-Quality Pictures
The most important aspect of any rental listing is the kind of photos being added. You need to focus on adding some very nicely captured high-resolution photographs of your property. A property listing without pictures remain undiscovered or gets ignored. Get the best shots of the interiors, exteriors, and all major amenities of your house. To put your property in the best light you need to spend time getting some quality pictures. And, to make the pictures more appealing try to click the pictures of the empty and uncluttered apartment. Read more from here.
Read: A Comprehensive Guide to Common Area Maintenance a.k.a. CAM Charges
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4. The Key is Routine Maintenance
Maintaining your property on a regular basis is another approach to draw in quality tenants. The house will need less work to be fixed, cleaned, and staged for a showing as a result, and potential tenants will feel more at ease knowing the property is in capable hands.
Preventative maintenance also saves you time and money by lowering the possibility of long-term failures. But if something does break, be sure to fix it right away because slow repairs are the single thing that may ruin a tenant-landlord relationship faster.
5. Screen Your Tenants Carefully
Although it might seem obvious, this is a typical property management blunder. Put these efficient tenant screening policies in place to weed out problematic tenants because prevention is always better than cure:
Verify the background, credit history, and income of your tenant. If at all feasible, contact all references and attempt to speak with past landlords to ascertain the nature of the tenant.
To establish rapport and learn more about someone, probe with questions. Example: Why are you relocating? Who will reside in the building? Do you have a pet?
6. Improve Communication
Property managers with excellent communication abilities will attract tenants of the highest calibre. To be accessible at all times and to guarantee that you can respond to any of their questions, you should keep all lines of contact open. During the process, you can learn more about the tenant’s situation and determine whether they are a good match for the rental home.
Your potential tenant will have a better experience if you simplify the entire procedure. The easiest way to go about this as a homeowner would be to acquire the services of a quality service specialist such as NBroker. Our trained and experienced property managers will be available to keep in constant contact with potential tenants and even handle property viewings for you.
Read: Rental Agreements in India: Key Insights for Tenants & Landlords
7. Neighbourhood Information
Along with the details of the house, the most important thing to lay emphasis on is the neighbourhood. To positively influence the tenant to choose your house, you need to mention details about the neighbourhood and how secure it is. It should include information about proximity to hospitals, schools, colleges, shopping centres, parks, bus stops, etc. Based on the type of tenant you want to attract you can highlight other nearby establishments as well.
8. Enhance Value with Extras
Wondering how to get tenants for a rental property that are willing to pay a higher rent? You can use add-ons to increase your value to a more desired, higher-income market in order to draw in better-paying tenants. Built-in closets, stainless steel appliances, additional storage space or lighting, air conditioning, heating, and dishwashers are a few examples of these upgrades.
Although these upgrades require capital, they will ultimately raise the rental income and increase the value of the rental property.
9. Additional Policies
It’s advisable to clearly state policies that might create confusion. To avoid any troubles later, clearly mention the things like pet policies, the number of people allowed in the house, maintenance charges, the person responsible for the repairs, etc. This will not only maintain transparency but will also show you as a dependable and honest owner.
Read: Family Vs. Bachelor Who Makes a Better Tenant?
With a detailed description and beautiful pictures, your property will certainly get noticed by potential tenants. If you wish to avoid unnecessary hassles and unwanted calls, you can try NoBroker.com. Right from listing the property to placing the right tenant, we take care of everything and you won’t need to pay any brokerage. To Post your house for rent Click below.
FAQ’s
Q1. How can I attract quality tenants for my rental property?
Ans. Some of the basic things to look for when identifying a quality tenant are-
1. They are respectful, open to dialogue
2. Accommodating
3. Communicate maintenance issues in a timely manner
4. Abides by the rules and the terms of the rental agreement.
5. Has a good track record of paying rent on time.
Q2. What are some questions I should ask a potential tenant?
Ans. Some of the questions you should be asking potential tenants are-
1. How many people are expected to stay there?
2. Do you have the references of your former landlords on hand?
3. How long have you been working at your current job?
4. What role do you play in the company or organisation?
5. What kind of lease term are you seeking?
6. Can you provide a security deposit and one month’s rent upfront?
7. Do you own a pet or pets?
8. What day would you be moving in?
Read: A Guide to the Renter’s Best Friend – Landlord Insurance in India
Q3. What are some amenities that can attract better tenants?
Ans. In order to attract renters who will pay more rent, you can employ additions to raise your value in a more sought-after, higher-income market. These improvements include things like built-in closets, stainless steel appliances, more lighting or storage space, air conditioning and heating, and dishwashers, to name a few.
Q4. How can I have a rental agreement made?
Ans. With NoBroker, you can easily have a rental agreement drawn up online in no time. What’s more,, you can get great deals and discounts on the cost of having the agreement made. To get your instant online rental agreement click here.
Q5. How to find a property manager for my rental property?
Ans. When you list your property on NoBroker, a dedicated property manager is automatically assigned to your property. This property manager will handle all aspects of communicating with potential tenants, property viewing, etc.
