Becoming a property investor is a great way to generate income and turn a profit – as long as it is done well. Getting help from a property management company will allow the professionals to oversee all of your needs, and makes the entire process much easier.
While it can be a very profitable kind of investment when undertaken in the right location, new landlords can find it daunting having to deal with their own rental management. Rochester NY is the perfect place to invest in real estate with a view to becoming a landlord, with its good standard of living, low unemployment, and excellent infrastructure. The good news is there are professional property management companies based in the city who can take the day-to-day running of your investment off your hands.
Presentation is Key to Attracting Quality Tenants
One of the most important things to understand is that your property needs to look presentable in order to attract good quality tenants – and this is part of rental management. Experts will be able to advise you in detail on how to present your investment in its most favorable light, but these are the basics to keep in mind.
Cleanliness
Cleanliness is probably the first thing that potential tenants will notice during an inspection, so it’s important that every room is in tip-tip condition – particularly the kitchen and bathrooms – so it’s a good idea to use a professional cleaning company to get into all the nooks and crannies. The smell and atmosphere of a property is just as crucial. There should be no lingering odors of pets or smoke, and windows should be opened before a showing to allow fresh air to circulate. Note: Whilst air fresheners can be useful, overuse can be disastrous, so make sure they are used in moderation throughout the house.
Garden maintenance
Prospective tenants will also be looking at the garden, if there is one. Keeping it attractive and well-maintained is a great way to set a good first impression, and allows them to see the property in its entirety. Not only does a neat and tidy garden make the property more appealing, it also sets the standard for tenants to uphold for the duration of their tenancy.
Interior upkeep
Take care of all the details inside the property so prospective tenants don’t have cause to suspect lack of maintenance. Check for sticky hinges and creaky doors, and test electronics, white goods and electricity outlets to make sure everything is in good working order.
The house or apartment should be well illuminated so tenants can see it clearly and this is a reminder to check all the lights and light bulbs are working. Dimly lit rooms can appear uninviting during an inspection, or like there is something to hide.
Pay special attention to the kitchen
The kitchen is often called the heart of a home, and for good reason. People want to see clean cupboards and appliances in working order, so check the exhaust fan, microwave and oven are working correctly. Families, in particular, spend a lot of time in the kitchen, so presenting it in the best light is vital.
The role of your property manager is crucial when ensuring that your investment is always presented at its best and is regularly updated and maintained. A good time to do this in depth is between tenancies, so you should arrange for a schedule to keep you updated as to when painting (interior and exterior), improvements, or renovations should be undertaken. As part of the rental management.
