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As a homeowner, it’s natural for you to try and maximize the rental income that you can gain from potential tenants. In the first place, you should be knowing the strategies that attract generous revenues, right? In this post, we have briefed up certain ideas, that will help you land upon high-paying tenants.

Particularly, when you have other homeowners around offering their properties to tenants at relatively low rates, you would find it challenging to find a high-paying tenant. The secret lies in making your property stand out from the rest. Of course, you need to upgrade your property and advertise better. The experts at Belmares Properties have come up with some tactical ideas that will help you win high-paying tenants.

How can you get high-paying tenants for your property?

Target millennials

The best way to reap the market potential for rental properties is to target millennials. You must be knowing the kind of lifestyle they prefer. Millennials with good jobs generally prefer higher-end homes with lots of amenities.

• Firstly, make sure that the amenities you offer are environment-friendly. Get low-flow showerheads and energy-efficient lights installed. This would help the tenants save resources in the long run.
• While advertising, mention some of the outdoor recreational spaces located in the close proximity of your home. Millennials prefer this type of a dynamic lifestyle. 
• In case you want to purchase an investment property, make sure that it is located close to the millennial workplaces. These people love residing close to their offices to ease up transportation.

 

Advertise strategically

The right approach to advertising your property often fetches high-paying tenants. People would be looking for properties that are located close to shopping malls, multiplexes, and other places of interest in the city. Therefore, the advertisement strategy should look beyond the interiors and amenities. Focus on the sports arenas, nightlife, schools, restaurants, coffee shops, and parks.

Prioritize the interests of the target group when you advertise the property. In case you are not sure about the tactic, make sure to seek expert help.

 

Enhance curb appeal

Now that you have researched on the location and advertised it properly, try to enhance the curb appeal of the property. The first impression goes a long way in molding the psychology of a potential tenant. For instance, a tenant willing to shell out a few hundred extra dollars would expect properly mown lawns, clean yards, and paved paths. Make sure to get the porch in good shape and paint the walls if needed. Also, focus on the overgrown plants and bushes.

Before a potential tenant visits your property, remove the debris and replace outdated objects like mailboxes, doorknobs, and lights. This ensures that the tenant would feel a positive vibe while exploring the property.

Seek professional support for renting out your property

Well, you might be overwhelmed with the challenges while looking for a decent tenant capable of paying generous rent. It would be wise to seek professional support from Belmares Properties, as we have been assisting homeowners over the years. Reach out to us at (210) 877-0815 or fill up this online form. Our experts will get back to you and help you with the necessary assistance.