One of the most common questions we get asked is, “how long will it take to lease out my investment property?” The reality is that there is no definitive answer to this question. However, there are steps that can be taken to increase the likelihood of leasing out a property quickly.
Present the property in the best possible way. This means that it should be clean, tidy, and free of clutter. Also, any necessary repairs should be taken care of before potential tenants start inspecting the property. A well-presented property is much more attractive to potential tenants and will significantly increase the chances of a quick lease.
Pricing is another important factor to consider. Pricing the property competitively is vital to attract potential tenants. Overpriced properties may discourage potential tenants, while under priced properties may raise questions about the property’s condition. Therefore, it is essential to price the property competitively, considering the current market trends and the property’s location and condition.
Marketing is also a critical factor in leasing out a property quickly. High-quality marketing that showcases the property’s best features can make all the difference in attracting potential tenants. Advertising on multiple platforms, such as online real estate portals and social media platforms, can help reach a broader audience and increase the chances of a quick lease.
Having an experienced team of property managers and leasing agents can also make a significant difference in leasing out a property quickly. At Ray White Carlingford we have five experienced property managers supported by a dedicate leasing team. Having a strong and knowledgeable team with the necessary resources is super important to market your property effectively, screen potential tenants, and conduct mid-week and weekend open homes.
If you’re thinking of expanding your portfolio or considering switching agent’s then we would be more than happy to assist you!
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