Designing Your Toledo Rental Home To Appeal to Tenants
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As an investment property owner in Toledo, OH, you want to ensure your home is appealing to renters. The goal is to find quality tenants who will take care of your property and pay their rent on time. To do this, you must ensure your home is up to par regarding repairs, features, amenities, and design. Consider these Toledo REIA tips on making your rental home appeal to tenants!
Form an LLC
First of all, you want to protect yourself as much as possible as an investment property owner. That’s why it’s essential to form an LLC. It’s easy to start an LLC in Ohio when you go through a formation service, and you can rest easy knowing your LLC complies with state regulations. Plus, it’s less expensive than hiring a lawyer.
Repairs
It’s essential to make sure any necessary repairs are made before you try to rent out your investment property. No one wants to live in a home with a leaky roof or broken windows! Here are some crucial repairs to make as a rental property owner:
- Check the roof for any damage that may have been caused by storms.
- Replace any old or broken windows.
- Repair any damage to the exterior of the house.
- Fix any plumbing issues (major or minor).
- Replace any damaged flooring or cabinets.
- Repair any electrical issues.
All of these repairs will help make your home more appealing to potential tenants. You should also confirm that all appliances are in working order.
Features and Amenities
People are looking for homes with certain features and amenities these days. For example, many people want homes with hardwood floors and stainless steel appliances. If your home doesn’t have these things, you may want to consider making some upgrades. Adding these types of features and amenities will help make your home more appealing to potential tenants.
Decor
The decor of your home is also important for attracting renters. Neutral decor and design is ideal because it helps potential tenants visualize themselves living there. Adding personal touches to your home is not a good idea when you’re trying to appeal to potential tenants.
Here are some tips for depersonalizing your rental property:
- Remove personal items from the property. This includes family photos, mementos, and anything else that is personally meaningful to you.
- Avoid using personal language when describing the property to potential tenants. Instead, use neutral language that does not refer to specific people or events.
- Refrain from entering the property unless it is absolutely necessary. If you can’t avoid entering the property, try to minimize your interaction with the tenants.
Marketing Your Property
Once you’ve made all the necessary repairs, upgrades, and additions to your Toledo rental property, it’s time to start marketing it. One way you can do this is by creating a PDF highlighting the best features of your rental property and emailing it to potential tenants. You can use a PDF editor to quickly make changes to your drawings and documents before sharing them online.
You can also list your rental property on various websites and put up signs in the neighborhood advertising your rental property. By taking the time to market your rental property properly, you’ll be able to increase its appeal and, hopefully, find quality tenants in no time!
Conclusion
You can make your investment property more attractive to renters in various ways. One way is through essential repairs and maintenance that must be carried out to ensure the safety and functionality of the property.
Secondly, by including desirable features and amenities in the property, you can make it more appealing to potential renters. Finally, by using attractive decor, you can create a welcoming environment for tenants. And don’t forget to pull out all the stops when marketing your property!
Would you like to read more helpful content or learn about how our association educates and supports real estate investors? Visit ToledoREIA.com today!