Renting out a property in Townsville for the first time can be a daunting prospect, but it doesn’t have to be overwhelming with the right advice.
Follow our top seven tips to make the process a breeze and to give you the best chance of securing the highest rental income for your investment property in Townsville.
1. Check out the competition
Looking at comparable properties on the market will give you an indication of realistic rental expectations.
It will also reveal what sort of improvements might be necessary to make your property a competitive contender in the current market.
2. Maximise curb appeal
Ensure that your property’s exterior is clean, tidy and in good repair for a positive first impression.
Some fresh paint, a manicured front lawn and a healthy garden creates a welcoming atmosphere and ensures any viewings will start off on the right foot.
3. Clean, clean, clean!
Invest in a professional deep clean of your property before having photos taken or setting any inspections.
A fresh, clean space will always be more inviting to tenants and shows that you are a conscientious and considerate landlord.
4. Make repairs
Walk through your property with a critical eye and make an honest assessment of its condition.
Tackle any repairs before photographing and listing the property for rent – all plumbing and appliances should be in good working order, doors and windows should be functional and safe and any damaged areas should be mended.
5. Upgrade interiors
Improving the cosmetic features of your property is equally important to maintaining its functional condition.
Most tenants are aware that renting comes with relinquishing a certain amount of control over interior choices, however, they cannot be expected to accept a damaged or dilapidated property.
Tenants are far more likely to picture themselves living in your property if it is presented in a fresh, neutral colour palette rather than bright colours that polarise opinions.
6. Simplify garden maintenance
Sorting out long-term garden neglect can be a very costly endeavour, so consider hiring a gardener to make upkeep easy.
Renting a home with a lovely garden they don’t have to worry about maintaining can increase your property’s appeal to tenants immensely and gives you peace of mind.
7. Use a property manager
Managing a rental property is a full-time job, something most landlords already have.
Property managers are experts in their field, and enlisting their services can save you time, money and stress.
An experienced property manager will be able to assist in preparing your property for rent by organising quality photography, interior styling, property inspections and rental agreements.
They understand what tenants are looking for, are up to date with tenancy laws, and specialise in helping you get the most out of your investment property.
Enlisting a property manager eases the stress of being a landlord – the manager takes care of the nitty-gritty while keeping you in the loop.
Here at Harcourts Kingsberry, we are passionate about great service and helping our clients achieve their investment goals.