As a real estate investor, it is important to know how to attract renters in Milwaukee. An empty house will cost you time and money. Learn more about how to attract the best tenants in our latest post.
Once you find the perfect tenant, you’ll see smooth sailing as a Milwaukee real estate investor. Finding these tenants may take a little work. Advertising in the right places and marketing your property in the right ways will help to generate buzz. The tips below will help you to attract more potential renters to your investment property in Milwaukee.
A picture says a thousand words and this is especially true for real estate listings. When you advertise a property without giving thought to the photos, your listing will likely be ignored. When you want to rent out a property in Milwaukee, consider paying for a professional photographer to come in and take some photos. You’ll be able to use these photos for as long as you own the home unless a major structural change takes place, so the cost of hiring a pro is well worth it. When the photographer is there, be sure the house is spotless and properly staged. You want to avoid having clutter or personal items visible in the pictures. Remember, it is not your photographer’s job to clean up! While they might stage a shot, don’t expect them to make your bed before photographing your room.
You could also have someone take drone photographs of the house, giving people the bird’s eye view of your property from above. There are also Youtube videos you could make as well as virtual tours. Going the extra mile with these things will get you noticed much more quickly than the boring, standard property listings. Our goal is to provide you with information so you can attract renters in Milwaukee to your house fast.
When a property is looking good, tenants are more likely to want to know what it’s like inside. The outside of the house should be as welcoming as possible, creating a warm atmosphere. Add some flowers and plants, get a new mailbox and make sure the paint is fresh and nice. These small improvements truly make a difference on perception of home. Also, they are affordable and won’t cost you a lot of money. You can even do everything by yourself, without any need to call a professional. If the curb appeal is good, you can attract renters in Milwaukee to come and check it out!
All renters would love to have a convenient way to pay their rent, request maintenance, apply to live in your property and also to easily learn more about current events. If you offer them the latest and the best online tools, you will make things easy for your renters. If nothing else, you should always find a way to make it easier for your tenants to pay their monthly rent. Try to make it possible for your tenants to pay their rent in any way possible. Zelle, PayPal, and Venmo are all great options, just keep in mind that you have to be educated on possible fees. This will not only make it easier for your tenants to pay their bills, but also you will ensure that you are getting paid on time. Making everything digital is a great way to attract renters in Wisconsin.
When looking to attract renters in Milwaukee and to make them interested into your property, you are selling the location just as much as you are the property itself. You’ll want to be able to sell people on the lifestyle and the amenities in the area. Let people know about gyms, cultural activities, parks, grocery stores, restaurants, dry cleaners, and anything else people may need on a regular basis. You might even consider putting together a brief information sheet, highlighting businesses and attractions found in the area. It’s these sorts of small touches that can pay off in big ways when you are trying to attract renters to your Milwaukee investment property.
Add A Few Perks
Look at your property. Is there something you can add or change on it to make it more unique compared to other investment properties in your area? There is usually some unique feature that you can add, such as a nice change in your front yard or an interesting fence. Consider finding appliances with a few bells and whistles. If you are taking care about who are you renting to, you shouldn’t worry about ruined appliances, at least in a first few years. Tenants love modern and unique things.
Don’t spend too much money on unnecessary things, though. If appliances are new and working properly, don’t replace them. Also, consider adding things such as kid-friendly back yard, closet storage, even a wifi can make a huge change and attract renters in Milwaukee. People love perks, no matter how small they may be!