Surely this is one of the most repeated questions among landlords how can you maximize the performance of a rental apartment?
Steps to follow on rental apartment:
MINOR IMPROVEMENTS
Start by making small improvements that help the performance of your rental apartment. A coat of paint, bathroom and kitchen renovation and small repairs will make your property revalue and maximize profitability. Also, remember that before renting you have to check that everything works well and get rid of old and not very functional furniture!
The first thing we must pay attention to is the correct functioning of everything in our home, from lights, plumbing, closings … Repairing this type of elements does not take just time and will make the house look better. On the other hand, one of the key points of a house for rent are kitchens and bathrooms.
As for the first one, they must be equipped, if the furniture is old we have two options, on the one hand, to reform with simple tricks, like a coat of paint, vinyl in the furniture or the floor and of course, an integral cleaning of the zone. If these measures really are not enough, it is the perfect time to consider a small reform of improvement and replace the furniture with new ones.
Regarding the bathroom of a rental housing, it is important not only to check basics such as that no water is lost, or that the hot water arrives perfectly, but also to change and condition household items such as the bathroom mat, shower curtains and faucets.
Do not forget to pay attention to the rest of the rooms of the building, lounge and rooms, these must be clean and completely depersonalized, in addition the renovation of the painting will allow us to offer a sense of sanitation that the future tenant will appreciate.
On the other hand, in order to speed up the procedures in the rental process, we always recommend that the rented property has the supplies registered and, of course, that it has the energy label.
Obligatory for all the properties that are going to be put up for sale or rent. With a suitable home and able to be inhabited from the first moment, and with the documentation of the property up to date, renting in record time, will be simpler.
MATCH THE MARKET
In order to get the most out of your rental apartment, you have to establish a price that is appropriate for the market. With an analysis of supply and demand you will be able to establish the exact price that will make your flat profitable. If you do it well, as we have already mentioned on many occasions, you can achieve a return of around 5%, well above the traditional methods of investment.
As we have explained on many occasions the importance of setting the correct rental price will determine the success of our rental. Fixing a price below the market will not get the desired returns, while placing it above reality, not only hinder and lengthen the time to achieve rent, but may be the target of poorly performing tenants.
To avoid these situations, the right thing is to fix the price depending on the market, the characteristics of the property, the area and of course, be advised by real estate specialists.
A PERFECT TENANT
Having a perfect tenant is synonymous with profitability. A tenant, in addition to being a good payer, must have other qualities. It is very important that they take care of your property and that they stay in the property for as long as possible. In this way you will obtain the maximum yields for your rented flat.
To make a good selection of the perfect tenant in your rental property, it is important to claim supporting documentation, employment contract, payroll, references from previous landlords and of course, apply preventive measures and analysis such as those carried out in rent insurance.
And it is that through the study of the candidates to tenant by means of financial scoring, it helps us to determine the capacity of payment, as well as the solvency and viability of the future tenant of your apartment of rent.
SECURE RENTAL
The profitability of your property with the best guarantees. Enjoy a safe rental with the perfect tenant for your property and discover the advantages of being part of the company that has changed the rental market.
