The U.S. is a huge nation of renters. Almost half of the housing units in America are occupied by renters - over 34 percent of them. If you're a homeowner thinking about listing your home for rent, this makes for a whole lot of potential.
But the reality is that finding reliable, trustworthy tenants is not always a walk in the park. It all comes down to how and where you list your property, not to mention, how you price your rental.
If you plan on listing your home for rent in Indian Harbor Beach in the near future, these important steps are for you.
1. Start With the Basics
Whether you've been living in the house you plan to rent, or you've just bought it for renting purposes, it needs to be in good living condition. This is a no-brainer if you want to find the right tenants who pay their rent on time.
Do a thorough inspection of the home and ensure everything is in working order, i.e. the heating, plumbing, electrics, and functional appliances. Ensure the exterior of the home is appealing. Clean windows, repaint siding and weatherboard if needed, and clean up your curb appeal.
2. Compile a Good Rental Listing
One of the top home rental tips that'll stand you in good stead is how you write your rental listing. It's important to carefully consider the type of tenant you're looking for and word your listing so that it's enticing to your ideal target audience.
Your listing description should include the following essential information:
- A basic overview of the property, i.e. address, square footage, rental price, number of bedrooms, bathrooms, garage, and other amenities
- Always include a description and highlight any unique, standout features of your property
- Offer a brief description of your neighborhood and the local amenities and transport routes on offer
Make sure your description is also clear about the requirements or guidelines for renting your property. Outline any pet policies, and background and credit check procedures, too.
3. Make Good Photos a Top Priority
In today's online world, your potential tenants are likely looking online for properties to rent. A key component of rental listing strategies that work is top-quality photographs of your property. This is probably the most important part of your rental listing.
The photos of your property are the first thing tenants will gravitate towards, so it's imperative that you offer a good range of photos of what you have to offer. Make sure your photos are well-lit and clear. The photos should showcase all the best features and selling points of your property.
4. Price Your Rental Right
It's no secret that rental costs are on the rise. Most renters in 2024 are carefully considering their budgets and cannot afford to pay more than 35 percent of their income on rent. It's up to you to price your rental right to attract their best tenants.
When renting in Indian Harbor Beach, make sure you price your rent fairly, but competitively. You must compare your property to similar rentals in your area to get a feel for what's fair in price. If you're looking for expert advice, consult with a property manager or real estate agent on how to find the right rental price.
Listing Your Home for Rent in Indian Harbor Beach?
The rental market is booming, but as a property owner, it's up to you to do your homework on what your ideal tenants are looking for in a rental property. Any expert property management team, such as PMI Management, will tell you that it's all about the listing and the price.
If you're looking for reliable guidance on listing your home for rent in the Indian Harbor Beach area, get in touch with our team today.
