Navigating a tenant changeover can be a stressful time for landlords, with the urgency to secure quality tenants quickly being a top priority. To guarantee that your property is swiftly leased to the best tenants, it’s important to consider the following factors:
PRICE
Upon receiving notice from your current tenants of their intention to vacate, your Property Manager will perform a Comparative Market Analysis, assessing the property’s rent potential in the current marketplace. This analysis serves as a guide, informing the recommended rental amount for effective marketing. The goal is to secure a new tenant before the property becomes vacant, thereby reducing or avoiding any vacancy period and ensuring the rent aligns with current market conditions.
PRESENTATION
Your Property Manager will make suggestions regarding any maintenance work or refurbishments that may be required/recommended on the property to ensure that it not only presents in the best light to prospective tenants, but also that any preventative maintenance work is undertaken.
PROMOTION
It’s so true that you only get one chance to make a great first impression. Quality photographs taken by a professional photographer will make all the difference and will ensure your property stands out from other properties currently being advertised online. Our photographer ensures your property is photographed from the right angles and in the best light to attract the attention of better-quality prospective tenants in the shortest possible timeframe. The cost of professional photography is a modest investment that assists in reducing the number of days your property is on the market. Furthermore, photographs can be re-used for future advertising campaigns.
In conclusion, by implementing the three strategies mentioned above, together with engaging a trusted agency like Property West Real Estate to oversee your investment, you will enjoy several benefits. These include attracting quality tenants, minimising vacancy times, setting the rent correctly, and proactively addressing maintenance requirements before tenants take possession of the home which will ultimately ensure a smooth transition with less disruption.
