Whether you've decided that you want to rent out your investment property for extra income or you're looking for a way to generate income from a fix and flip house that didn't sell as quickly as you'd hoped, you want to make sure that you're taking the right steps to appeal to renters. Ideally, you want your rental property to stand out from the crowd of others so that you can attract the high-quality renters who will help make your venture a success. These tactics will help you appeal to renters in California.
Go for Neutral
Sure, you're excited by that fun tile you found at a discount or the amazing flooring that just happens to be a brilliant shade that you love, but that doesn't mean that your renters will be! In order to appeal to as many people as possible, opt for neutral designs within your rental property so that your buyers can customize it to their own personal tastes.
Pay Attention to the Outside
The outside of your property is every bit as important as the inside--and with good reason. Your California renters are going to start forming their opinion of the property as soon as they pull up at the curb. When you take the time to trim shrubs and hedges, remove overgrowth, and keep the grass trimmed, they'll have a better opinion of the property and be more likely to choose your rental.
Think About Your Tenants
Take a look at the rental property you've chosen. Think through who would like to live there. For example, a three-bedroom home in a great school district is a great place for a family with school-age kids. A one-bedroom in a comfortable part of town, conversely, may appeal to an older couple. Take the time to think through who will be renting your property, then make sure that you present it appropriately for that market.
Show It Off
Before bringing in prospective renters, take the time to spruce up the property. Do a little light cleaning to give the home that fresh scent just before they arrive (or, conversely, drop some vanilla in the oven and turn it on for a minute or two). Open up the blinds and curtains to let in natural sunlight. The better the house looks, the better your odds of renting it.
Setting up your investment property for renters for the first time can be a challenge. Fortunately, you're well on your way to additional income and fix and flip success. Need financing to help you make it to that important milestone? Contact us today to learn how we can help.