Before you start marketing your rental property or screening tenants, you need to price the home correctly. Today, we are explaining how to get the highest rent possible for your Wichita rental, and there are two specific things to consider.
There’s no substitute for knowing your local rental market and understanding what it can and cannot handle. You naturally want to push your rental amount to the top end of what the market will allow, but there is no point in going over what the market will bear because you will just end up with a longer vacancy, which will cost you money.
Make Your House Look Great
It’s a good idea to remember the old adage: perception is reality. You can always maintain your property well and update it from year to year to make it a desirable rental for high quality tenants. Even if it’s not perfect, you can make it appear better than it is, or you can play up the strengths of your property. The number one space to do this is in the marketing of your rental home. We like to market all of our available properties on a lot of websites, with detailed descriptions that explain the strengths and amenities of the home. We also use professional photos. Poor photos will limit your traffic and your pool of prospective tenants. No one is going to bother looking at an ad that doesn’t come with great pictures.
Create a Clean an Inviting Home
Make sure your property is clean and welcoming. People want to know it is well taken care of, safe and secure. Hire professional cleaners to really make a difference between tenants so that people can imagine themselves living there when they walk in during a showing. The extra attention will bring in more rent and attract better tenants.