Modern Leasing Techniques to Use to Secure Tenants

Modern Leasing Techniques to Use to Secure Tenants

As a landlord, living up to your tenant expectations should always be on top of your priorities in order to earn enormous amount of rental income. But how can you do this? How can you keep up and not risk falling behind competitively when accommodating the “new age” tenants?

Here’s a list of some modern leasing techniques that you can use to make securing great tenants faster.

• Going Beyond the Standard

Help make your tenant’s experience more convenient and enjoyable by having additional features above and beyond the standard. Not only will it be more appealing to a higher proportion of potential tenants, it may also encourage them to sign a lease renewal and live in the property for a longer period of time.

For instance, you may add an infrastructure to support high speed wireless Internet, especially now that the number or tenants working from home, studying or having a growing family is increasing.

Adding an ensuite is also one way of winning tenants. While it is not essential, an ensuite is way better than having a property with one shared bathroom.

Aside from these, you may also add an automatic watering system to make your tenants’ life easier in case they are required to maintain a garden.

Lastly, installing a security system will give tenants extra peace of mind that they are living in a safe and secure property.

• Conserving Green Energy

As utility bills increase, many tenants are looking for cheaper, greener ways to use electricity and save water around the home.

Providing your rental properties with solar power is becoming highly sought after which can be a real selling point for investors and tenants alike. Similarly, the installation of rain water tanks is an environmentally friendly way to save money on water costs.

• Hiring Professionals

As a landlord, you and your tenants will benefit from an investment property that requires minimal maintenance.

What you can do is hire a property management company who will deal directly with tenants and cover all your needs to maintain the property. They will save you time and worry over marketing your rentals by collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions.

Property managers can also hire a gardener or cleaner to help more maintain the property. Despite the added cost, you may be surprised how much a tenant will appreciate the added comfort of knowing the property is well looked after with little effort of their own.

Presenting a clean, tidy, low maintenance and well cared for property also sets the standard and will encourage tenants to keep it in good condition.

• Obtaining Appropriate Insurance

Fitting out an investment property with modern appliances and added features makes it even more important to obtain appropriate insurance.

Moreover, with an adequate insurance, you and your tenants don’t have to bother about the replacement costs in case there’s a theft or damage to your property.

So whether you’re a landlord or a tenant, feel free to contact Reval Estate Agents and we will be delighted to help you with all your rental needs.