Every landlord strives to find the perfect tenant: someone who will always pay their rent on time and take good care of the property. With the help of property managers, you can position your rental optimally in the market. Here are a few tips on attracting renters. 

How to Create a Rental That Appeals to Tenants

Understand the Market 

Start with research. Working with your property manager, determine your target market, taking into account the age, average income, and lifestyle of people in the area. For example, college students might prefer furnished short-term rentals by room with lease plans that coordinate with their school schedules. In contrast, young families will likely need a high-quality rental with longer lease lengths and kid-friendly amenities. 

Research the Competition 

Next, compare your rental to similar ones in the area. This can help you determine pricing and give you ideas for how to stand out from the competition. A property manager will highlight what makes your building unique in your advertising campaigns to attract renters. 

Prepare the Property

Some simple landscaping and housekeeping tasks will enhance your property’s appearance and draw in more renters. Boost the curb appeal by caring for the yard and removing any weeds and trash from the site. Before showing a unit, fill in any holes in the walls, apply a new coat of paint, and replace any old hardware, if necessary. Making sure the property is clean and free of any stains or dust will also make tenants want to move in.

The right property management company can find tenants for you, making your job as a landlord easier and more rewarding. The property managers at Nova Property Management have been serving landlords of Anchorage, AK, for more than 35 years. Their professionally trained and licensed staff will help you make the most of your investment properties with their comprehensive services. Contact them online or at (907) 522-1332 to speak with a real estate professional.