If you have an apartment on your hands that simply isn't renting, here are some steps you can take to make sure that the property is being advertised correctly.
Do Excellent Marketing
Your marketing materials shape the entire perception of your apartment; they are what gets potential renters' feet in the door. If you aren't skilled in photo editing, it's worth the investment to have a professional or semi-professional photographer take photos of your space. It's also valuable to get the input of a property manager or a real-estate agent; they can look at the space and tell you which features to play up in your advertisement.
Do Some Market Research
If you hope to sell your apartment quickly, it needs to be priced at a competitive rate. You'll want to visit some of your competitors' apartments and see what they're offering. If you were a renter, would you get one of these other apartments because of the price of the one you as a landlord are trying to rent? If so, you may need to lower your pricing. Or, you may simply need to play up the features of your apartment that are more valuable to some renters.
Get a Good Volume of People
If you are doing good marketing and setting your rent at a fair price, then hopefully you're getting a good volume of people through the door. With enough people looking at the apartment, it's only a matter of time until one of them decides to rent. But you may also need to throw an open house to get a larger volume of people through the door.
Hire a Professional
There may come a time when you simply don't want to deal with marketing your apartment anymore. Hiring a real-estate agent or even a property manager is a great idea for alleviating the burden of finding and screening tenants. Since these professionals will have a lot of experience in renting apartments, they may be able to figure out something that's missing from your offer.
Property managers and real-estate agents also simply have more resources for renting an apartment quickly. They may have an in-house team of designers to create attractive ads for each apartment they're trying to rent. They also have a reputation; any potential tenant who isn't sure whether to make the leap can research your chosen company and see what kind of reviews they have. Just make sure that you choose a specialist who's known for doing great work. Talk to firms such as ERA Key 1 Realty Inc.-Cindy Frank to find an agent who is right for you.Share
28 July 2016
When I started looking for a new house a few years ago, I realized that I had no idea what I really wanted. I knew that I wanted a place that had been updated recently, but apart from that, I was completely in the dark. After evaluating my budget and considering my options, I decided that it would be a good idea to go around with my real estate agent to help me to find a place. My agent was incredibly helpful, and I was able to narrow down my choices within a few hours. This blog is all about making the ever-important decision of becoming a homeowner.