The residential rental property business is highly competitive – especially in areas like sunny Central Florida, where people come from far and wide to vacation and oftentimes end up coming back and staying for months or even years.
In many cases, it is wise to rent a home before making a long-term commitment to purchase. So, as the owner of one or more rental properties, how do you make your offering stand out from the others that could be possible options?
One of the best strategies you can implement is to ensure that it has good curb appeal. Your investment property only has one chance to make a first impression. So, you want to make sure it is enticing as soon as a potential tenant approaches it.
This can easily be done by trimming any shrubs, cutting back tree branches, and making sure that hard elements like the front sidewalk and porch are in top shape. To add a bit of flair, you could even consider adding some seasonal flowers.
Other features that could make your rental home stand out include:
- Installing a home security system to help tenants feel safe
- Replacing outdated items like ceiling fans, light fixtures, and faucets
- Including conveniences like a washer and dryer
- Providing a bar-b-que grill so tenants can enjoy the outdoor space
Finding and managing tenants can be time consuming, as can performing regular maintenance and responding to emergencies. But, while there’s no way to eliminate these tasks altogether, there are ways to delegate them to someone else like an experienced Orlando property management team.
If you own residential rental real estate in Central Florida and/or the surrounding area and you’d like to learn more about how Central Florida Property Management can help, contact us at (407) 429-4834 or by sending us an email by going to https://cflpropmanagement.com/contact-us/. We look forward to hearing from you.
