8 Tips for Getting Your Property Ready to Rent

Investing in a rental property can be an incredibly lucrative venture. Thanks to the growing population, the demand for rental accommodations has grown significantly in recent years. This means that, by renting out your home, you can earn a steady passive income. 

However, managing a rental property is no easy task. Before you can bask in the profits, you need to secure reliable tenants. The condition of your property will play a crucial role in your ability to attract and retain tenants. 

Whether you’re renting out a property for the first time or want to fill your vacancies due to the previous tenants moving out, we can help you. In this article, TrueNest Property Management will go over the best strategies for getting your property ready to rent!

1. Conduct A Walkthrough Inspection

Whether you just bought the property or tenants recently moved out, conducting a thorough inspection is the first step to renting out a property. Inspecting the unit will allow you to assess its overall condition and spot any issues that may require your immediate attention. 

It’ll also allow you to determine whether the property needs any repairs or cosmetic upgrades. More importantly, a walk-through inspection will allow you to record the condition of the property before tenants move in. 

By keeping detailed records of all your inspections, you’ll be able to compare the condition of the property before and after the tenancy, making it easier to make deductions from their deposit and avoiding possible disputes.

2. Make the Necessary Repairs

During your walkthrough inspection, you must keep an eye out for signs of damage. Additionally, you must assess the condition of all the systems in the property, such as plumbing, HVAC, and electrical systems. 

This will help you spot problems before they escalate. By making any needed repairs as quickly as possible you will increase the value of your property and attract more potential renters.

3. Deep Clean the Property

No one wants to live in a messy or untidy property. Before you can list your property for rent, you must take the time to clean it thoroughly. This includes the following tasks:

• Wiping down countertops, cabinets, and shelves.
• Vacuuming and mopping the floors.
• Cleaning all provided appliances.
• Cleaning and sanitizing all the bathrooms
• Wiping windows and mirrors
• Dusting all fixtures, blinds, and ceiling fans.
• Taking out the trash.
• Cleaning baseboards and walls.
• Disinfecting door handles and light switches.
• Emptying and cleaning all closets and cabinets.
• Removing cobwebs from corners, ceilings, and light fixtures.
• Cleaning the air vents.

Depending on the condition of the property and your time commitments, you can clean the property yourself or hire a professional cleaning company. Either way, you must inspect the property after to ensure it meets cleanliness standards.

4. Rekey and Install New Locks

No tenant wants to live in a place where they feel unsafe. Ensuring that your rental property has sturdy doors and locks, as well as basic security measures will help you attract and retain tenants for the long haul. 

A key thing you can do to ensure tenants feel safe in your home is installing new locks before they move in. This way, your renters will rest easy knowing only you and them have access to the property. 

5. Upgrade the Property

A well-maintained property can attract a wide pool of tenants. But if you want your Florida rental to truly stand out from the rest, you’ll have to invest in renovations and upgrades. Simple fixes such as installing new fixtures, painting the walls, and landscaping can greatly enhance the appeal of your property. 

By investing in bigger renovations, such as modernizing the kitchen, expanding the master bedroom, or upgrading the bathrooms, you’ll not only attract tenants more quickly but will also be able to charge a higher rent. 

6. Ensure Compliance with Safety and Building Codes

As a landlord, it’s your responsibility to provide a safe living environment for your tenants. Before listing your Florida home for rent, you should make sure that the property complies with the necessary safety and building codes. 

This includes ensuring that the property is structurally sound, free of pests and mold, and that all carbon and smoke detectors on the premises are working correctly. 

7. Advertise Your Rental Property

Hundreds, if not thousands, of properties are listed for rent in Florida every day. If you want to fill out your vacancies quickly, you need to advertise your rental successfully. Start by writing an attractive listing and publishing it on various real estate websites. 

This will help you reach a wider audience and increase your chances of finding quality tenants. In addition to these digital marketing efforts, it also pays to try some traditional strategies. 

So, don’t be afraid to put a “For Rent” sign on your front yard, publish an ad in your local newspaper, or host open house events. By being proactive with your marketing efforts, you’ll increase the visibility of your property and attract a wider pool of prospective tenants!

8. Partner with a Property Manager

Getting a property ready to rent can be a challenging process. Property inspections, repairs, cleaning, and coordinating renovations are incredibly time-consuming tasks. Additionally, marketing a rental property requires round-the-clock availability to respond to inquiries and conduct property showings. 

You should consider partnering with a property management company like TrueNest Property Management. We will be able to get your property ready to rent in a timely and cost-effective manner. This will save you a lot of time and effort, while also providing you with peace of mind. 

Bottom Line

If you’re looking for the key to financial freedom, a rental property might be the answer. By renting out a property, you can earn a steady passive income while also benefiting from the rising appreciation rates. However, it’s important to note that renting a property is not as easy as putting a “For Rent” sign on your front yard. 

In order to attract and retain tenants, you must ensure that your property is clean and in good condition, complies with local safety and building codes, and is appealing to tenants. By following the tips outlined above, you’ll be able to get your property in shape and attract a wider pool of tenants!

If you’re looking for a trusted property management company contact TrueNest Property Management today!