SAN DIEGO – One of the best ways you can attract a better quality Tenant for your San Diego Rental Property is to create a home which sets itself apart from the neighborhood competition.
In today’s post, GoldenWest Management, Inc. located in Carmel Valley shares with you 10 ideas you should incorporate to start attracting the “A” rated Tenants. This is applicable whether your home is in Del Mar, 4S Ranch or La Jolla, these tips work everywhere her in San Diego.
Step 1 – Price, Price, Price!!!
Before we talk about things that will cost you money, take a second to review your competition.
The market does not care what your mortgage and total overhead cost is, the market sets the rental price on:
- What the neighborhood says your type of home (size,bdm,ba,amenities) should rent for…usually it is a set range, and then
- The time of year, ease of showing, overall condition of the property.
Tip – Because you have $50k in upgrades does not make your home worth 25% more than the market, but, it absolutely will get people to climb over each other to rent it at a little above market.
Step 2 – Spruce up Curb Appeal
Take the time to improve curb appeal by adding potted plants and or flowers to the front of home; painting the front door, clean up the walk way, spruce up the stucco (when was the last time you hosed it down)…buy a new mail box and removing any trash or debris which may have been left by previous tenants.
Step 3 – Improve the Kitchen
Yes, you may be on a budget, but, you can affordably renovate the kitchen in your rental property by doing a basic kitchen renovation which consists of:
- Sanding and repainting or staining cabinets.
- Adding new hardware to drawers or cabinet doors.
For $700 you can stain/repaint old cabinets, add new knobs, and self-closing hinges. This is much better than spending $20k on a new kitchen.
Upgrade the lighting (yes that old box light on the ceiling should be removed).
Add a new faucet ($75 to $100 cost).
If you have money left over, think about upgrading flooring (laminate wood)…in a small space can be done inexpensively or you can even do it yourself.
Step 4 – Renovate the Bathrooms
Another great way to attract the perfect renters for your rental home in San Diego is to renovate the bathrooms in your property.
Picture frame mirror, new light fixtures, new faucet and lastly new towel racks can be done relatively inexpensively…caulk the tubs or add on a glass slider to the old tub and you have a whole new bathroom.
Step 5 – Create an Outdoor Space
If your Rental Property doesn’t have a well-defined outdoor space you should consider creating one, especially by lights, zero-scaping, colorful plants, and when possible patio furniture and grill. People want a place to relax or entertain that is outside.
Step 6 – Thoroughly Clean Your San Diego Rental Property
Before listing your San Diego Rental take the time to thoroughly clean it from top to bottom since most renters will be “turned off” by a dirty rental property.
Every Landlord who has ever said, “oh I cleaned it myself” or “we can just wait until after its rented to have a professional clean and carpet clean” is just not thinking…seriously, would you go buy a new car and be happy to see debris and dirt inside?
People need to see your home at its best, so take a few hours, better yet PAY A PROFESSIONAL and get the place taken care of.
Step 7 – Take Great Pictures of Your Rental
The last step is to take great pictures of your rental property before you list it for rent.
Consider hiring a professional photographer to take pictures of your property since this will eliminate you having to shoot those pictures yourself. $125 – $150 will get you 30 high gloss digital photos that you will have for years.
People choose a property manager and a home rental online…they simply “swipe right” those ads with bad pictures.
Save Money on Managing Your San Diego Rental Property
Are you tired of managing everything about your San Diego rental yourself and are ready for a change?
Contact GoldenWest Management, Inc. today to learn more about our affordable property management services and how we will free up your time so you can spend more time building your portfolio of San Diego Rental Properties.
Call us at (858) 792-3442 or CLICK HERE to connect with us through our website.