Square meters are not only a hard currency for saving savings, but also a great way to multiply them. You will need an apartment and some patience to read our new material to the end and understand how to turn your real estate into a real gold mine. You will learn about the secret of preparation, the rules of drawing up a contract and how to save your time and not do everything yourself.
How to find a tenant: 5 steps that will get you closer to your goal
An attractive picture: the first impression is decisive
High-quality photos taken from different angles will help a potential tenant form a clearer picture of your apartment. The video or the so-called room tour will allow you to take a full trip through all the rooms with you, look into the most attractive corners and bypass places that you would not like to focus on. The 3D tour of the living area has become a pleasant innovation, which all real estate agencies are gradually trying to introduce into their work. Free movement around the apartment and the ability to turn around all 360° gives a sense of presence, so it allows you to determine how comfortable it will be for a person to stay for a long time in four walls with designer renovation.
Fair Value: Market Analysis and Real Estate Appraisal
For the owner, his apartment is always the best. The fact that these square meters belong to you already makes them better than others… but only to you. To form an objective price, it is necessary to reject sentimentality and start the business with a cold heart. Expensive materials, design solutions in the interior and furniture made to order definitely add points to you, but you need to take into account not only the quality and state of repair. The location of your apartment in the building, on the street and in the area can significantly affect the comfort of future residents. The closer you are to the metro, public transport stops, highways and social infrastructure facilities, the higher you can raise the price tag. It is important not to overdo it. To do this, it is worth comparing with similar objects on the market. You can find out in more detail about what determines the price of an apartment and the size of the rental price, as well as the size of the rental price, in our next article. Be that as it may, only an experienced expert will be able to give a professional assessment of your real estate, taking into account all the factors affecting it.
Target audience: how to get rid of unnecessary ones and attract the right ones
In order not to waste your time and that of others, you should clearly write down which tenant you want to see in your apartment. You will be able to significantly expand the circle of potential residents, if you do not mind families with children, also there are always enough renters with animals renters with animals on the market. It is much more difficult for them to find housing, as many owners mistakenly believe that a pet can cause damage to their property. It should be rightly noted that the behavior of children, as well as the mischief of four-legged family members, completely depends on their parents and owners. We recommend that you do not refuse such tenants, but rather get to know them. A tidy and disciplined person will certainly treat his house the same way. Most often, pet owners and young parents monitor the condition of a rented apartment much better than single people. Responsibility for the lives of others makes us more aware. Due to difficulties with finding a new home, such tenants are trying their best to prove themselves in order to stay in one place for a long time. It is similar for you long-term lease will become a source of stable earnings.
Marketing strategy: rules and methods of promotion
It is necessary to write a comprehensive support for professional photos and videos taken. It is worth mentioning not only such basic things as the number of rooms, the area and address of the apartment, but it will also be useful to write down the list of available equipment, overall furniture, indicate the amenities available on the territory of the residential complex and emphasize the features of the infrastructure. For effective advertising, we recommend using several sources. Agency experts T.H.E. Capital have a developed network of contacts, so they know where to place ads in order to attract tenants as quickly as possible.
Establishing communication: another first impression, but not from your apartment, but from you
For general convenience, it is worth specifying several ways of communicating with you: phone number, your nickname in messenger or social network. You should be responsible when communicating with a potential tenant. try to get in touch as soon as possible. Do not make a person wait, because during the waiting time he can find another place to live. Dozens of annoying messages and calls with the same questions are tiring, but you are lucky that our agents take over all communications and bother you only in case of urgent need or to conclude a contract.
Do not rush to expose your apartment for general inspection, because we have not yet done the most important thing - we have not prepared the apartment.
- capital or cosmetic - which repair do you need? Before the apartment is rented out, it is necessary to remove traces of previous residents' stay in it. As a rule, simple cleaning is enough for this, but in some cases, more serious measures cannot be dispensed with. A small cosmetic repair is enough to hide scratches and scuffs. Spend less in the preparation phase to earn more throughout the rental period
- if you are renting an apartment for the first time, you should first equip it with all the necessary furniture. A bed, a table, several chairs, a sofa and a spacious wardrobe are a minimal set, to which you can add other elements at your discretion
- about technique should not be forgotten either. If your tenant can do without a speaker, the absence of a refrigerator will clearly leave you without customers. We also recommend getting a washing machine, electric kettle, microwave oven, stove and router
- since we have already talked about the router, it is worth talking about the Internet. Make sure the providers service your home and can provide high-speed Internet. Among the tenants there are many representatives of IT specialties, for whom it is important to have an uninterrupted connection 24/7
- did you bring everything you need? Then take out everything unnecessary. Take out your personal belongings and junk that only takes up space
- clean the apartment and air it, because a clean and well-kept room is much more attractive than a neglected and lifeless one
- Full name and passport data, yours and the tenant's
- registration addresses of the parties
- proof of your ownership of real estate
- duration of the lease agreement
- the amount of the rent and the terms of its receipt
- terms of contract extension and early termination
- persons who live in the apartment together with the tenant
- property characteristics;
- the possibility of increasing the rent
- nuances regarding the transmission of meter readings and payment of utility services
- procedure for visiting the apartment by the landlord
- cannot provide documents confirming his identity
- a foreigner with an expiring or expired visa
- a temporarily unemployed person who has no source of income
- Individual approach
- attention to detail
- legal consultations
- protection of your interests
- compilation and verification of documentation
- preparation of the object
- advertising your property on various platforms
- search for a tenant
- conducting communications
How to prepare an apartment for rent
First of all, it is the appearance and functionality of the object that affects the tenant. For original solutions in the interior, we recommend that you contact designers or your own taste. But do not forget about a few simple rules that will help you make apartments more attractive to potential tenants:
💡 You will get extra points in the eyes of the tenant if you take care of the availability of dishes and cutlery, bed linen, and also add decor and a few indoor plants for a sense of coziness.
Signing a lease agreement: why bureaucracy will not be superfluous
The lease agreement, which is signed for a period of up to 2 years and 11 months, does not require notarization, but also has legal force, therefore it protects both your rights and the rights of the tenant, insures both parties against unforeseen circumstances and clearly stipulates the terms of cooperation. Make sure you don't forget to include in the contract:
💡 An addition to the main contract is an inventory act. Here it is necessary to indicate the current state of the apartment and provide a complete list of the property in it. After the contract expires, you can check the list to make sure that yours property no harm was done.
Simple steps to keep yourself safe.
You have already learned how to correctly conclude a lease agreement, but a few additional points will not be superfluous. This is about your guarantees and possible compensations. Furniture and appliances are not immune to wear and tear over time, but you can protect them from careless tenants. For this, it is necessary to prescribe the procedure for compensation of damages. Violation of the terms of the contract should also not go unpunished, so it is necessary to think over the penalties.
A deposit will help to finally instill confidence in the integrity of residents. A similar fee "for the first and last months" is charged in case of insolvency of the guests. It can also be used to cover damages caused by them during their stay in your apartment. In order to avoid misunderstandings, the amount of the deposit and the terms of its return should be specified in the contract.
💡 Returning to guests with small children or animals. In these categories of tenants, you can request a guarantee deposit in double or even triple size.
Even a well-drafted contract will not help if you chose the wrong person to sign it. It's all gone if your potential employer:
Such residents can turn out to be frauds, so do not follow the lead of a good heart, but listen to the voice of reason.
The best way to rent an apartment
From the idea to the agreement, you will have to go through many stages. The real estate market is not as simple as it may seem, so a person who does not have the necessary knowledge can easily fall for a scammer and miss a really reliable tenant. The experts of THE Capital real estate agency have thousands of successfully closed deals behind them, so we probably know how to rent your apartment. By contacting us, you get a full range of services:
Among other things, we also offer our clients full care for the apartment even after it has been handed over. Ours is unique service in real estate management will take your worries away and turn your investment into a reliable source of passive income. Contact us for a consultation to start earning on square meters.
