Surely this
is one of the most repeated questions among owners, how can you maximize the
performance of a rental apartment? Today we tell you what you need to know and
the steps to follow to make it happen.
SMALL IMPROVEMENTS
Start by
making small improvements that help the performance of your rental apartment. A
coat of paint, bathroom and kitchen renovation and small repairs will make your
property revalued and that profitability is maximized. Also, remember that
before renting you have to check that everything works well and get rid of old
and ineffective furniture!
The first
thing we have to look at is the proper functioning of everything in our home,
from lights, plumbing, enclosures ... Repairing this type of elements does not
take us just time and will make the house look better. On the other hand, one
of the key points of a rental home is kitchens and bathrooms. As for the first,
they must be equipped, if the furniture is old we have two options, on the one
hand, reform with simple tricks, such as a coat of paint, vinyl on the
furniture or the floor and of course, an integral cleaning of area. If these
measures are not really enough, it is the perfect time to consider a small
improvement reform and replace the furniture with new ones.
Regarding
the bathroom of a rental home, it is important not only to check basics such as
that no water is lost, or that the hot water arrives perfectly, but also, to
change and condition utensils such as the bathroom mat, shower curtains and
faucets.
Do not
forget to pay attention to the rest of the rooms of the property, living room
and rooms, these must be clean and completely depersonalized, in addition the
renovation of the painting will allow us to offer a sense of sanitation that
the future tenant will appreciate.
On the other
hand, to expedite the procedures in the rental processes, we always recommend
that the rental home have the supplies discharged and of course, that it has
the energy label, mandatory for all homes that are going to be put on sale or
rent. With a suitable home and be able to be inhabited from the first moment,
and with the documentation of the property up to date , rent in record time, it
will be easier.
ADAPT TO THE MARKET
To get the
most out of your rental apartment you have to set a price appropriate to the
market. With an analysis of supply and demand you can establish the exact price
that will make your apartment profitable. By doing it well, as we have said on
many occasions, you can get around 5%
return , well above traditional investment methods.
As we have
explained on many occasions the importance of correctly setting the rental
price will determine the success of our rental. Setting a price below the
market will not allow us to obtain the desired returns, while placing it above
reality will not only make it difficult and lengthen the deadlines for renting,
but may be the target of less compliant tenants. To avoid these situations, the
correct thing is to set the price according to the market, the characteristics
of the property, the area and of course, to be advised by real estate
specialists.
A PERFECT TENANT
Having a
perfect tenant is synonymous with profitability. A tenant, in addition to being
a good payer, must have other qualities. It is very important that you take
care of your property and stay the maximum time in the house. In this way you
will obtain maximum returns for your rental apartment. To make the perfect
selection of the perfect tenant in your rental home, it is important to claim
supporting documentation, employment contract, payroll, references from
previous landlords and of course, apply preventive and analysis measures such
as those made in Secure Rental. And it is that through the study of tenant
candidates through financial scoring, helps us determine the ability to pay, as
well as the solvency and viability of the future tenant of your rental
apartment.
INSURANCE RENTAL
In Secure
Rental we help you maximise the profitability of your property with the best
guarantees. Enjoy a secure rental with the perfect tenant for your property and
discover the advantages of being part of the company that has changed the
rental market. Because, remember owner, that with Secure Rental you have
guaranteed the timely collection of income on the 5th of each month. And that's
not all! We keep delinquencies at 0%, integrally managing all your real estate
assets. In addition, we offer you a digital platform where you can follow at any
time any aspect related to the rental in addition to consulting contracts, tax
reports, and even contact the tenant or the company directly and immediately.
Start enjoying your rental and the professional
advice of the real estate experts of Rental Insurance. What more can you ask
for? Do you want us to help you get the most out of your rental apartment?
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