Before you can market your rental property and find the best possible Honolulu tenants, you need to make sure that your investment home is ready for the market. It’s easy for Honolulu owners to rush the process; they want to find a tenant quickly and begin collecting rent. However, if you don’t make it move-in ready, the most desirable tenants won’t want to apply for it.
Pricing your Honolulu Rental Property Correctly
Most Honolulu investors want to earn as much as possible on their property, and they think that charging the most rent will get them the greatest return on their investment. It’s a good idea to charge as much rent as you can, but remember that it’s the market that dictates what you charge, not your own expectations. If you price your property too high, you run the risk of incurring a longer vacancy period. That will be far more expensive than lowering your price by $50 or $100 per month. Be flexible, and price your property competitively so you attract the best tenants quickly.
Creating Exceptional Curb Appeal
First impressions are important, and your prospective tenants will want to see a home that’s pretty, inviting, and well-maintained. Make sure the exterior looks great, otherwise prospective tenants won’t even bother going inside. Smart Honolulu landlords know that creating curb appeal doesn’t have to be expensive. You can make your property stand out simply by keeping the yard and the lawn neat and mowed. Trim the bushes and trees, and make sure everything looks maintained.
Showing the Property: Clean and Cool Interiors
When prospective tenants step inside your home, you want to be sure they can imagine living there. Open up curtains and blinds so the natural light can flood the property. Make sure it’s cool inside and very clean. There are things tenants will be willing to overlook, but other peoples’ dirt is not one of them. All clutter and debris should be removed from the home. Honolulu owners who are willing to have their properties professionally cleaned before listing them on the market will have an easier time finding a great tenant quickly. Make sure everything in the home works, including light bulbs and appliances. Turn on all the faucets and take care of any repairs that are needed before you put your property on the rental market.