Setting Your Property Up For Success When Renting

Here are a few things to chat about before the first open inspection of your property

• Uploading your property on a Monday for an open inspection on a Wednesday
• Frequency of communication & who I’m calling to give updates
• Reviewing applications & turnaround time to present the “top 3” applicants to you
• Refer all enquiries through to me; tenants avoid property managers, but there’s a reason you hired me… to get the best tenant!
• Something may go wrong; it’s normal and can be fixed
• Keys and access to the property
• Ensure your property is clean, tidy and maintenance issues are resolved!

Confirmation of lease terms

• Availibility/move in date for the tenant
• Lease duration (12 months or 6 months)
• Is the property furnished?
• Tenants responsibility for water (usage & supply)
• Pets? Negotiable or non-negotiable

Open inspections

• Displaying of open inspection times
• Avoiding private viewings; focus on competitive public open inspections
• Midweek open inspections vs Saturday open inspections
• Pre-registration for tenants to view the property
• Post-open inspection text message with application information

Rental figure

• Confirmation of rental figure
• Review of comparable rental properties to ensure rental figure is accurate
• Single figure vs rental range

What are the signs that we have not hit the mark? And what do we do about it?

• Lack of enquiry, low attendance numbers and poor quality applicants
• Proactivately discuss a plan to generate better quality applicants
• Make a proactive and considered change to the price to ensure the campaign remains on-track
• Remember; the most engaged interest for your property is likely to occur in the first 2 open inspections!