In this demanding market tenants have a huge choice when looking for a new property to rent. With so many brand new properties available in Brisbane, it is important that your property presents well, everything is working and it has that home feel.
We want the property given back to us in a good condition, so it has to be handed over to them in the best possible condition. This also sets a high benchmark on how you expect the property to be treated during the tenancy. It will also achieve a better weekly rent, attract a better tenant and reduce vacancy time.
The right advertising and an easy inspection process is also important, ensure you use professional photos, taken at the best time of the day for your property. Show the best parts of your property including any building facilities, what’s nearby etc.
Ensure you have the right agent, they will know the market and recommend what you can do to improve the chances of renting your property. They will also ensure thorough checks are done to confirm you have a good tenant. Look at your listed rental price – even one week vacant can easily equate to $10 per week over a year.
Don’t say no to pets – I’ve seen the best tenants have pets that are treated better than some children. They are happy to pay if by chance something is damaged and most insurances also cover pet damage now. We cannot charge a Pet Bond in QLD. I suggest to say – Pets on Application and look into the tenant, not the pet.
Finally, once you’ve secured that great tenant, look at ways you can make them renew. We suggest to Landlords to offer them a free week’s rent to renew – it will cost you a lot more than this if they vacate!