Listing a property up for rent is just the first step toward finding the right tenants. It may take a few days to several weeks to get the property rented. First, you need to make sure you are able to attract a reasonable number of interested parties willing to finalise the deal. Whether you are renting out your property for the first time or finding new tenants after the last ones left, there is a lot you can do to make sure your property doesn’t stay vacant for too long.
Let’s go through some important tips to get your property rented faster.
How to Get Your Property Rented Faster
In order to find the right tenants, landlords need to figure out what people are looking for in a rental property. Rental property seekers want to make sure the property is suitable for their needs and offers a good value for their money. Here are some ways to make the property attract more leads so that you can find the right tenant without waiting too long.
Get the Property Rent Ready
The first impression of your property is what matters to the prospective tenant. Therefore, a sure shot way to get your property rented faster is to make it seem worth renting. As for residential property, many people in search of a home for rent don’t even take a tour of your house if it doesn’t appeal to them from the outside.
Make sure your home looks as appealing from the outside as it does from the inside. If the walls need a paint redo or if certain repair and maintenance work is needed, get it done before the prospective party’s visit.
The same applies to commercial properties. Anyone looking for tenants for their commercial property must keep it rent ready, it should look appealing and useful to the prospective tenants.
Know the Market Price
Setting a really high rent will make the prospects check other reasonable properties and setting the rent too low will not get the property owner a proper return on investment. From a tenant’s perspective, any property that is overpriced is not worth their time, and an underpriced property may seem suspicious.
Conduct proper market research and familiarise yourself with the average rent rate of the neighbourhood. Property owners must also check the rent of similar properties in the area. Knowing the market price of property helps landlords set the right rent.
Moreover, you can always use Bayut TruValue for an estimated range of your property’s value.
Advertise in Advance
Advertising in advance is important to keep the lease cycle going without disruption. Residential tenants in Dubai are supposed to notify their landlord about their decision to renew the contract or vacate the property three months before their contract ends.
Do not wait till the end moment, ask tenants to give a heads up and advertise about your property’s availability for rent in advance. Cite the date of your property availability clearly in your ad. Advertising in advance is key to reduce the time for property rental.
Advertise Where Tenants Are Looking
Make sure to advertise where it matters. Focus on the platforms that are trusted by rental property finders in your area. dubizzle is a popular platform among those looking for properties for rent in the UAE.
Rent seekers can browse through a number of listings and select the property that fits their needs best. When advertising property, make sure the ad stands out. The ads have to be optimised in order to be effective.
Take Good Photos
Take great photographs of the property you wish to rent. People going through classifieds in search of rental properties are interested in knowing everything they can before paying a visit. Many property seekers get drawn to your ad just because of great photographs.
Ask for Recommendations
Get the word around in the neighbourhood, friends and family about the availability of your property for rent and ask them to recommend people. This can also help get your property rented faster. Maybe your cousin’s friend is in search of rental spaces. Get the word out to expedite the entire process.
Those were some of the most effective tips to get your property rented faster. If you are a landlord, these tips would definitely help. You can also place your ad with us on dubizzle.
Stay tuned for more on everything real estate.
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