It's estimated that there are nearly 48.2 million individual rental units in the United States. If you own a spare property, you might be wondering how to get started with renting. Maybe you're looking to take advantage of tourists in the Austin area with vacation rentals.
Or, you might be trying to find more long-term renters for an apartment or home. Regardless of your situation, every rental process begins with the same first step: listing your home for rent. Unfortunately, if you don't have much experience you might not be sure how to get started with your listing.
In this landlord guide Austin, we'll go over some essential rental property tips that will help you find a tenant for your rental property as soon as possible.
Choose a Platform
The first thing you need to decide when renting out a home is where you will put the property listing. There are many different types of rental platforms. The right one for you will depend on your type of rental.
For example, the best vacation rental platforms would include things like AirBnB and Vrbo. On the other hand, good long-term platforms would include things like Zillow. Each platform has its pros and cons, so do your research before choosing one.
Take Good Photos
Photos are the only impression that a prospective renter will likely have on the house. As such, it makes sense that you would want to take good ones.
If you take blurry iPhone photos, it's going to make any property look bad. On the other hand, if you invest in a professional photographer, then you can highlight the strengths of the property.
Price It Correctly
It's estimated that as many as 22.4 million renters have trouble affording their rent. If you have an Austin home rental it can be tempting to try and get the maximum value out of it.
This might involve charging over what's considered reasonable rent. There are some reasons why you might want to avoid doing this.
First, you're not going to get as many interested parties with an overly expensive home. Second, there's a higher chance that your tenant might miss payments. Instead do a rental analysis of the area to find out what other people are charging.
Highlight Things in the Description
Pictures can tell a lot about a property. However, they can't include everything. For example, they might miss unique features or amenities. They also won't show information about the surrounding area.
One of the most effective vacation rental marketing strategies is to optimize your listing with in-depth descriptions of everything.
Need Help Listing Your Home for Rent? Contact PMI Austin Metro
We hope this guide helped you learn more about listing your home for rent in Austin, TX. Here at PMI Austin Metro, we know that learning how to list rental property can sometimes feel like an impossible challenge.
That's why we use two decades of experience in the Austin area to help find you the perfect tenant. Not only that, but once you find a renter we can completely manage the property for you.
So if you're ready to get the rental help you need, get in touch with us today.
