Why does the apartment not find its tenant?

29.07.2020

Why doesn't the apartment find its tenant?

Traditionally, renting apartments in the capital is in high demand. But often the vision of the price for this service differs between potential customers and owners.

An apartment put on the market at an inflated price can look for a tenant for years. How to avoid this? Use the advice of our experts - they will help you rent your apartment for a long-term lease profitably and in the shortest possible time and search for tenants who suit you.

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Monitor the market. Really assess the condition of your apartment - does it meet the demands of the tenants? Analyze what your competitors are offering and at what price. Determine the upper and lower limits of the price range, make sure that the rental price of your apartment does not exceed twice the market value. Estimating the cost of renting an apartment is an important point in order to successfully rent out an apartment. By the way, if you are thinking about buying real estate, we recommend that you contact us professional luxury real estate agency THE Capital.

Agree to make concessions. For example, allow the rent to be divided into several stages per month - this will allow the tenant to feel confident financially. Small rent installments will help to find a tenant. If necessary, bring additional kitchen appliances or appliances, remove extra things from the apartment, allow to install an additional shelf in the bathroom. Such attention to the requests of a person who is going to rent an apartment makes them want to do it as soon as possible.

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Determine your requirements for future tenants. Is the nationality of the tenant important to you, what should be the composition of the family, will you allow animals to be kept in the apartment? If a compromise can be found, the chances of a quick apartment rental increase many times over.

Contact a professional realtor. Ask your friends - perhaps they have already applied for similar services, read reviews on thematic sites. The realtor will help draw up a deed of acceptance and transfer of the property in the apartment and agree on a favorable price. In addition, a qualified realtor: 

  • will advise you on issues of rental legislation;
  • will take a high-quality video or photo of the apartment;
  • will publish a paid advertisement on online platforms;
  • will draw up the correct lease agreement.

If you need professional advice or help in finding an apartment for rent or purchase, contact the specialists of the premium real estate agency "THE Capital". Was the publication interesting and useful? Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.

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