Tips for Successfully Renting Your Property

Successfully renting a property requires more than simply posting an ad. Presentation, pricing, and management are key to maximizing profitability and minimizing vacancies.

Set a competitive price by researching the local market. A price 10% above market can result in months of vacancy that eliminate any extra profit.

Invest in quality furniture if offering furnished rental. Tenants are willing to pay 15-20% more for a well-furnished and professionally decorated apartment.

Consider using a management agency if you don't have time. Although they charge commission (8-12%), they handle everything: tenant search, contracts, maintenance, and collections.