Becoming a property investor is a great way to generate income and turn a profit – as long as it is done well. Getting help from a leasing and property management specialist will make the entire process much easier.
While it can be a very profitable kind of investment when undertaken in the right location, new landlords can find it daunting having to deal with their own rental management. Boston, Woscestor and the surrounding areas are prime places to invest in real estate with a view to becoming a landlord, with its high standard of living, low unemployment, and excellent infrastructure. The good news is, we have all the tools and skills to help you with making your investment properties profitable and putting your mind at ease.
Presentation is Key to Attracting Quality Tenants
One of the most important things to understand is that your property needs to look presentable in order to attract good quality tenants – and this is part of rental ownwership. We will be able to advise you in detail on how to present your investment in its most favorable light, but these are the basics to keep in mind.
Cleanliness: Cleanliness is probably the first thing that potential tenants will notice during an inspection, so it’s important that every room is in tip-tip condition – particularly the kitchen and bathrooms – so it’s a good idea to use a professional cleaning company to get into all the nooks and crannies. The smell and atmosphere of a property is just as crucial. There should be no lingering odors of pets or smoke, and windows should be opened before a showing to allow fresh air to circulate. Note: Whilst air fresheners can be useful, overuse can be disastrous, so make sure they are used in moderation throughout the house.
Garden maintenance: Prospective tenants will also be looking at the garden, if there is one. Keeping it attractive and well-maintained is a great way to set a good first impression, and allows them to see the property in its entirety. Not only does a neat and tidy garden make the property more appealing, it also sets the standard for tenants to uphold for the duration of their tenancy.
Interior upkeep: Take care of all the details inside the property so prospective tenants don’t have cause to suspect lack of maintenance. Check for sticky hinges and creaky doors, and test electronics, white goods and electricity outlets to make sure everything is in good working order.
The house or apartment should be well illuminated so tenants can see it clearly and this is a reminder to check all the lights and light bulbs are working. Dimly lit rooms can appear uninviting during an open house, or like there is something to hide.
Pay special attention to the kitchen: The kitchen is often called the heart of a home, and for good reason. People want to see clean cupboards and appliances in working order, so check the exhaust fan, microwave and oven are working correctly. Families, in particular, spend a lot of time in the kitchen, so presenting it in the best light is vital.
The role of your property manager is crucial when ensuring that your investment is always presented at its best and is regularly updated and maintained. A good time to do this in depth is between tenancies, so you should arrange for a schedule to keep you updated as to when painting (interior and exterior), improvements, or renovations should be undertaken. As your Leasing Agent, we can coordinate an entire team of professionals and services to make your role as Landlord a whole lot easier so you can enjoy the financial rewards minus the hassles..