Maximising your rental potential, Top 4 tips from an investment property manager!

Jhai Mitchell

Tip 1 Make the most of the time you have in between tenants


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Make the most of the time you have in between tenants. When your investment property in Seven Hills NSW is vacant this is an ideal time to attend to the maintenance items which you have not had the chance previously to do. For example touching up paint work on gutters, facia boards, window frames & eves. The difference a lick of paint will do is amazing from the street view. The more tenants that are attracted to your investment property the more the possibility to increase the weekly rent.


 


 


Tip 2 Make sure all external and internal windows are cleaned


Make sure all external and internal windows are cleaned. If a property has been vacant for some time and the weather has been bad cleaning all windows will enhance the appearance of your investment property to potential renters. Washing or replacing worn out curtains can also lift the internal appearance of the property. Perhaps updating curtains with slimline venetians etc which will modernise the properties rooms. Enhancing the appearance of your investment property can also increase the possible weekly rental.


 


Tip 3 Installing ceiling fans in the summer will certainly help to make your investment property attractive


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Installing ceiling fans in the summer will certainly help to make your investment property attractive to potential renters. Tenants are very focused on such items depending on the season in which your property is trying to attract tenants. Summer the first things a potential tenant will be looking for is a fan or some kind of air conditioning. Winter months the focus is changed to heating. Obviously running costs of such items must also be taken into consideration. Oil heaters are the less popular choice with renters, as the cost of buying oil has increased over the years. If your property is attractive to potential renters this also has an impact on the weekly rental, as demand dictates possible rental increases.


 


Tip 4 Look at your properties garden from a renter’s point of view


Look at your properties garden from a renter’s point of view. Is it low maintenance and easy to care for? If not perhaps think of replacing plants and redesigning to cut out the need for a lot of weeding etc. Tenants are attracted to properties with low maintenance gardens. Also consider how much water does the garden require? If tenants are paying water charges then a garden which requires a high level of watering during the summer months is going to be less attractive to potential tenants. A property which attracts potential renters can also attract a higher rental.


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