Becoming A Landlord? Here’s How To Increase Interest Among Renters

Being a landlord tends to come with a number of benefits to take advantage of, such as the ability to work as your own boss and the opportunity to claim various deductions when it comes time to file your taxes. Renting a home out also gives you the ability to expand your overall investment portfolio. When preparing your rental home for new tenants, there are a few things you can do to increase interest among renters and to help keep your expenses as a landlord down – consider incorporating one or more of the following options:

Have the Garage Door Serviced

The garage door is an important aspect of any rental home because it's typically used on a daily basis when coming and going in a vehicle. Even if your tenants decide not to use the garage to house their vehicle, chances are that the space will be used regularly for things like storing belongings, practicing hobbies, doing laundry, and working out. The bottom line is that tenants will consistently be exposed to the garage door and interior space.

If the garage door's springs are rusted or bent, if there are cracks and holes within the frame's base, or if the door itself doesn't close properly, it can result in interior mold damage that damages renters' belongings and requires the need for repairs between tenants. Furthermore, a faulty garage door can result in accidents that injure children, pets, or belongings and that may end with you being sued in a personal injury case.

To protect your home from unnecessary damage, and to ensure the safety and comfort of your tenants, it's important to have your garage door inspected and serviced before listing your rental home on the market. In addition to a complete overall inspection of the door and its components, your service provider should:

  • Replace the garage door's springs and bolts where necessary

  • Tighten all of the door's hardware and accessories

  • Repair or replace the rollers if applicable

  • Completely replace the door's weatherstripping

  • Lubricate all moving components and parts

Make sure that your service provider services or replaces your garage door opener to ensure that it efficiently detects objects under its tract, which will help minimize the chance of accidents occurring. For more information on garage door service, check out this web site.

Update the Appliances

Because stainless steal appliances tend to be a feature many tenants look for when choosing a new place to live, updating your rental home's appliances can help increase interest among potential renters once you put it on the market. Luckily, you don't have to buy brand new appliances to impress tenants. You can use stainless steel appliance epoxy paint on the appliances you already have to give them an impressive new look.

If you don't already have appliances in place, consider purchasing used items and given them a fresh coat of paint before hooking them up. Of course, the appliances need to perform as well as they look, so it's a good idea to have your service technician give each piece a tune-up before tenants move in. Stocking the kitchen full of visually appealing and properly working appliances may enable you to command a higher monthly rate on your home overall.

Seal all the Windows and Doors

You can save your tenants some money on their monthly energy costs and decrease wear and tear on your HVAC system by sealing the home's windows and doors. A well-sealed home enhances humidity control and makes it easier to maintain comfortable interior temperatures, which means that the heater and air conditioner won't have to be used as often throughout the year.

Sealing air leaks can even decrease outdoor noise pollution and create a quieter environment indoors, which is something potential tenants are sure to appreciate. To seal the windows and doors, just apply caulking and spray foam insulation along the inside of each frame. Once dried, lightly sand the window and door frames and then give them a new coat of paint to make them look new again.

These ideas should be easy to incorporate into your rental home preparation plans, and they're sure to provide benefits that both you and your tenants can rely on for many years to come.