Whether you are renting a house, apartment or granny flat, your potential renters are going to ask some important questions and request specific information. In order to appear as an experienced renter and to attract the right type of renters, be prepared to provide this information upon request.
The safety of your location
You may be living in your property with a granny flat extension or renting out your investment property in an entirely different city or state, but you need to be equipped with real information on the area’s safety to assure your renters about their safety and lifestyle.
The average rental price for similar properties in your suburb
Most buyers would already know this as they would have done their research. However, some of them may be checking out your property as an exception or as something below or above their average price. Make sure that you are transparent with the advertised rental price as add-ons and extras are extremely unattractive even to buyers who are seeking an exact property such as yours.
It is very important that your renters and you are happy when the move in happens. It may be difficult to arrange inspections for everyone but you need to make sure that your renter is assured on the safety and good condition of the property. Should the renter request an inspection, you can always allow them an extra viewing with their real estate agent before the lease is signed. Of course, this is a good thing for you as too, as you will know the exact condition of your home before the lease is finished.
Of course, with inspection may come the requests for fixes. Take note that renters will not hesitate to ask for repairs if they notice anything that needs fixing. It is best that you oblige as small issues that can be fixed at a cheap cost should be fixed as early on as possible to prevent them from getting worse.
If you are planning on renting out your home, granny flat, or apartment, being prepared for the questions, requirements and inquiries of your potential renters will make you appear as an experienced, pleasant and fair landlord. Be sure to consult a real estate expert such as Capital Wealth Property when you venture into rented property investment to make sure that you have the best advice and the right guidance on your side.