“Be prepared to market your property in the same way you would if you were selling it.”
Belvoir advises all landlords to ‘think outside the box’ and consider options they might not have previously thought about.With luxury apartments in over supply in the city, a smart thinking landlord can ensure regular returns by marketing their property as a fully furnished executive apartment to the business community.Other landlords can offer incentives to encourage tenants to opt for a longer term let.
These include; cash back deals, free gym or cinema membership, welcome pack hampers, and free broadband connection. Some landlords also offer to pay tenant application fees to help set their properties apart from the competition.
Today’s demanding tenants will simply not accept shabby, outdated décor or second hand furniture and insist on hi spec kitchens and bathrooms with power showers and a full range of appliances.
Other cost effective tips suggested by Belvoir include:
Invest in attractive, hard wearing garden furnitureBrighten up outside space with low maintenance pots containing shrubs and small treesInstall wireless broadband in the propertyMake sure the kitchen includes all mod cons including fridge freezer, washer, tumble dryer, dishwasher and microwave.Include additional services such as a weekly cleaning service, free window cleaning or garden maintenance as part of the tenancy agreementInstall a dedicated work station or office space in the propertyInvest in a garden shed or board out the loft to offer additional storage
If you are struggling to attract tenants to your property, enlist the help of Belvoir, the Lettings Specialist, who can give you detailed advice about local rental demand, property presentation or any pitfalls you may have missed.
