To put it simply, you need to advertise your property effectively!
Saving money on advertising or property managers can cost you more in the long run. You want the most $$$ per week and the shortest vacancy period right?
First and foremost, a real estate agency is the number one place you should advertise your rental property to get it leased quickly. They have all the contacts, databases and resources that you don’t, plus take the stress off your hands.
After making sure your property is "Rental Ready" you now need to ensure it’s well-presented before you advertise.
Clear guttering, trim hedges, mow and water the lawn, give the exterior a cosmetic makeover. A little time and effort will do to spruce up the curb appeal.
Dodgy photos do you no favours. Quality, professional images is so worth the cost! Skip the smartphone
pics and just hire a professional, it’s worth it! the photographer will know how to take the right photos, with the right lighting and at the right angles - ensuring your property's attributes are really shining through each image.
You have got the images now make it easier for tenants to lease out the home and get the floorplan done. It is a small extra cost and it makes it easier for perspective tenants to review your investment. Also great for any interstate and international tenants to apply.
When you choose an experienced and professional real estate company to look after the advertising of your property, they create a beautiful copy (property script) that presents your home in the best way possible.
Be on all the major portals i.e Domain.com.au and realestate.com.au, and spend a little more to be above the crowd in the listing search.
Posting your home on social media and sharing it can be a surprisingly effective way of finding tenants. The power of social media is limitless, why not tap into it?
Offering open home times throughout the week and weekend through an online booking system to accommodate the busy lives of prospective tenants. We offer multiple open home times and can quickly arrange for a property visit outside of normal hours.
Homes that are pet-friendly, fenced, have private parking or had recent renovations added fans and/or air-conditioning are all big ticks in the rental market.
But you may find that you are in a competitive area, against other properties for rent, here you need to think outside the box. Offering a weeks free rent, including garden/pool care or other incentives can all come into play if needed. Talk to your manager for advice at this stage.
Remember: No advertising means no one knows about your property. Advertising smartly can have a wider pool of tenants to choose from and so achieve the best outcome for you.
If you have a property in Brisbane that you would like to consider engaging a new property management team for, please feel free to contact our executive leasing team directly on 0422 233 160.
Otherwise, we hope you have enjoyed these insider tips.