Have you recently purchased an investment property in the Los Angeles area that you will be renting out? Maybe it’s not a recent purchase, rather your current tenants have moved out and now you need to find new renters. Simply plastering a “For Rent” sign on the front lawn isn’t always going to be enough to get the place rented, and may even result in you having to offer a lower rate just for the sake of having an occupant. So, what’s the best way to get a tenant quickly?
Here we’ll take a look at some tips that will help you to make your Los Angeles rental property more attractive to tenants so you can get the rental rate you are after and find an occupant quickly.
Provide Amenities Renters Expect
Nowadays there are a number of basic amenities that renters don’t classify as “extras”, rather they are a necessity for the property to have. Take for example an internet connection. Renters want to know that they can move into the property and have seamless high speed, reliable internet from day one. This is such an important feature that it can make the difference between getting the property rented or having it sit empty on the market for months.
There are specific internet providers in the Los Angeles area that cater to rental properties. They can work with property managers, such as yourself, to get your property prepped for a tenant. They don’t offer packages and bundles or long-term commitments that you have to sign on to. It’s just a simple internet connection.
Other amenities renters may expect are on-site laundry facilities, additional storage, and perhaps furniture, even if the property is only partially furnished.
Upgrade the Curb Appeal
Curb appeal will also play a huge role in just how fast you get the property rented. You don’t even have to invest a lot of money, sometimes it’s just a matter of doing a really good clean up. Trim back hedges and greenery, keep the lawn cut and tidy looking, add exterior lighting, remedy any peeling or cracked paint, and ensure the property looks well cared for.
Refresh the Interior with Simple Steps
The interior may also need a bit of refreshing. Again, you don’t have to spend a fortune, it’s about making wise decisions so you can stretch your budget. Tips include hiring a professional cleaning service to give the space a deep clean, including the flooring, painting the walls a fresh new color, updating the hardware on doors and cupboards, hanging window coverings, and installing new light fixtures.
Ensure the Rental Rate is Competitive
Finally, you want to be sure that the rental rate you have set is indeed competitive for the market and the property itself. You don’t want to over-price the unit, but at the same time, there is no reason yours has to be below fair market rates.
By using each of these tips, you’ll be able to make your Los Angeles based rental property much more attractive, which means you’ll get it rented faster.