Quality projects designed by key builders, such as Jayvardhan Goenka director of DB Realty, have an inherently higher appeal in the renters market.
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Key strategies to renting your property successfully
2. Value enhancement is the key to increasing the rental amount
acquired.
Quality projects designed by key builders, such as Jayvardhan
Goenka director of DB Realty, have an inherently higher appeal in the
renters market.
Landlords should focus on creating a positive first impression, both
online and in-person.
By enhancing the furnishing, features, and d辿cor of the home,
landlords can increase its perceived value.
Renting is also made that much more streamlined when the property
owners are passionate about listing their properties.
3. Landlords should obtain the right certification, documentation and
paperwork when looking to rent out their property.
The documentation requirement, from the tenant, should also be
asked for early on.
A legal expert may be needed to draft the lease agreement correctly,
ensuring that all the paperwork is in order and regulated.
Key developers, such as Jayvardhan Goenka, work directly with
property owners to help them finalize their documentation for
renting.
Any penalties for damages to furnished homes should also be listed
clearly in the documentation and agreement.
4. Landlords should invest a majority of their efforts in finding the right
rental rates for their properties.
The right rates can be based off financial projections that you may have
made when it comes to your property.
You can also consult with local development projects, as to what is the
best rate for your property type.
Online research can also help shape the right pricing strategy for your
specific project.
You can also hold a range of pricing that can be calculated based on the
maintenance paid, the ROI on the home and the type of amenities
offered.
Luxury rental rates need to reflect the overall package given to tenants.
5. Marketing is key when it comes to listing your property.
Landlords should be very specific in what they require, when it comes to
the type of tenants needed.
Its also important to highlight any amenities and features presented,
which could help in attracting the right type of tenants.
Competition is rising across the board, which is why landlords need to
post their property across all major portals.
Taking high quality pictures is the key to a successful listing on all
platforms.
You can also work directly with the builder to ask if there are any
potential queries that may have emerged.
6. Landlords can conduct basic background research on the tenants on
social media, by researching their claims made.
You can also insist on getting tenants with extensive connections
within the housing community or your own circle.
Background research can also be done by working directly with
housing society to understand their process.
Landlords can also reach out to references to gain better
understanding of the tenants as well.
7. As a landlord, its important to conduct timely repairs and
maintenance jobs for your property.
Landlords should also inform tenants of any extensive repairs that
are needed, so that they can prepare in advance.
The offerings available at the time of agreement should also be
available when theyve shifted. Landlords should ensure consistency
in amenities and facilities.
You can also speak directly with the building society and association
when you need to enhance the level of upkeep for the property.
Any security measures within the home, including smoke detectors
or monitors should be repaired or replaced if dysfunctional.