Do you want to rent out your property in Austin long-term or short-term?
Depending on your responsibilities it might be best to hire a property management company to rent out your property promptly. Property managers screen tenants and find good quality renters for your property in Austin, Texas.
According to Business Insider, the market in Austin is thriving, but it is also very competitive. Many homeowners think that putting up a for-rent sign on their property or adding a listing to a website will guarantee a renter in a short period of time. Unfortunately, it’s often not the case. It usually takes a lot more to get your home rented out to short-term or long-term tenants.
You will want to make sure your property doesn’t require any repairs before you show your place to potential renters. A prospective tenant does not want to imagine living in a construction zone site; therefore, your first tip is to fix your repairs.
You want to make your property is as visibly attractive as possible in order to attract quality renters in Austin. If your place looks like a mess, you could attract the wrong types of tenants who become problematic in the future. These tenants might have less desire to keep the place well maintained, resulting in problems for you.
With our experience in property management, we’ve come up with some of the biggest tips to get your property rent-ready.
Change Your Locks
It is always a good idea to change your locks after a new tenant moves in. This will ensure the adequate security measures are set in place.
Another tip would be to install a keyless entry, which will allow you to change the code whenever you want. This will save you money if you plan to rent short term.
Fix Your Appliances
If your microwave is out of date or your stove isn’t working, now is the time to replace your appliances. Don’t wait to do it when the tenant moves in. This not only will be a nuisance for you but your tenants as well.
Some tenants will only look for a home that has updated appliances. If your appliances could use an upgrade, factor in whether or not this will be beneficial.
Paint Your Walls
A fresh coat of paint is an easy way to make your place look more modern and not from the 1800s. Although an old house is great too, a fresh coat of paint and a few updated appliances will help secure quality renters. Landscape your property to the best of your abilities if possible.
If it looks like your property is well taken care of, others will treat it the same. It doesn’t take long to wash the windows, but it makes all the difference. If your windows are dirty, the natural sunlight will not shine in the way it should. It will also look bad when a potential tenant comes to inspect your home.
Spend a Little to Make Your Rental Ready
Don’t be afraid to invest a little bit of money into your rental in order to prepare it for future tenants. Depending on whether the market is competitive in Austin during the time you are looking to rent, you need to do whatever you can to make your place stand out.
This might include buying a new mat or replacing the window covers. Hiring professional cleaners to freshen up your property can be a good option as well. Clean and deodorize to the best of your abilities and make sure your place is a property you would want to rent at yourself.
It is understandable to worry about accepting pets in your rental property. They can cause damage and lead to problems you don’t want to have to deal with.
However, if you don’t accept pets; you are ruling out a large number of people. According to the North American Pet Health Insurance Association (NAPHIA), 68% of U.S households, or about 85 million families, own a pet.
You can always ask for a pet deposit, which will protect you in case of damages. Furthermore, it depends on the circumstances but it’s better to keep your options open and be as corresponding as possible.
Hire a Property Management Team
At Bigham Property Management, we are here at your disposal and we want to make your life as easy as possible. We will take care of your property like it was our own. Not only will we help you find tenants to occupy your property, but we will also take care of everything for you after the tenant moves in.