How to lease your property quickly in a difficult market
Following is the video transcript
Time on the market is money you’re losing.
The past year has seen major upheavals in inner city rental markets, with some properties sitting vacant for many weeks. However, you can help your property’s chances of renting faster.
The first step is setting your rent. The rent you’re asking for your property needs to align with market rents for your area and the style of property, whether it’s a studio apartment or a three-bedroom house. To lease your property quickly, it’s often a good idea to pitch your property at slightly below market rent. This encourages more viewers and potential tenants, so offers a larger tenant pool from which to choose.
Professional marketing can help you seal the deal too. We’ve had great results with property videos, and virtual furniture is proving to be a great weapon in our arsenal. Rental property videos and virtual furniture enable potential tenants to view your property without visiting first, and they can imagine themselves living there. This means they’re more likely to short list your property and make an enquiry. Let us help you rent your property faster.
Free Property Management Advice, talk to an expert now!
Are you a landlord looking for advice? Do you have questions about these uncertain times? Changes to the rental market or anything specific to Property Management? Book a one-on-one, obligation-free, consultation with Jaime Pratt, Head of Property Management at Vogue Property Managers.
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With over 20 years of property management experience, Jaime will openly provide advice on improving rental return, enhancing your property, attracting quality tenants and finding ways to alleviate your expenses.