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Updated over 5 years ago on . Most recent reply

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Ivan Loza
  • Real Estate Agent
  • Dallas, TX
141
Votes |
136
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Inexpensive hacks to increase a rentals value?

Ivan Loza
  • Real Estate Agent
  • Dallas, TX
Posted

What are some of your favorite inexpensive hacks to make your rental seem more luxurious or homey to potential new tenants?

For instance, do you install window baskets with flowers, add a cool shed, patio furniture, light candles or bake cookies when showing?

Most Popular Reply

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Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
1,918
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Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

I see your in Dallas,  go to other same style/ price range rental showings...

BUT assuming you are offering a blue collar rental, 1200-1400/mo rent, asuming this is blue collar in Dallas, they just want clean, safe and functional.   IE AC is recent and will work and cool during the hotest months.

During my rehab I paint the dark colored stained kitchen and bath cabinets with semi gloss paint with new nickel hardward.  I use Home Depot Behre primar included enamel semi white (olive green can) with a foam roller.   End result is poping kitchen!  Black appliances.  

I put a wow factor that is cheap in the kitchen,  a single italian glass pendant over the sink.  Looks nice.

See this glass shade:  https://www.homedepot.com/p/Westinghouse-8-1-2-in-Handblown-Long-Fire-Pit-Neckless-Glass-Shade-with-2-1-4-in-Fitter-and-4-1-2-in-Width-8573000/204836304

Baths are white painted vanities and 4 bulb light bar.  BRIGHT.

Forget ALL of the things you listed.  Deliver a clean, bright, functioning rental,,, is all tenants expect and will respond to.

Write a good ad to start;  Nicest home in a walkable neighborhood, good schools, safe area.

Then bullet point your ad:  walkable, safe, comfortable home, cute, newly remodeled.

You are worried about once folks are AT the rental showing,,, you need to worry about GETTING folks to the showing with lots of great bright pictures, homey ad write up appealing to the wife who will drag the family to your showing.

Do a cattle call showing, one time on Sat at 1pm or Sun at 1pm, just one.  Drive everyone do that one time.  Only a few serious will show up, don't worry.  

See other landlording threads, you need to have a script YOU play while interviewing each family, why are you moving?  Why this area and possibly this house?  What is your current rent, income etc etc.   Have written requirements at the bottom of your ad, that you go over as you interview each family.

My #1 requirement (then the typical others):   - must be long term  tenant, multiple years.   Higher priority given to longer term stays.  

IE you won't get what you don';t ask for, and they won't perform to your expectations if you don't state what you want then screen for an applicant meeting everything you're looking for;  income, job duration, CLEAN and QUIET, long rental stay,,, FICO maybe...

Just get folks TO the showing with good pictures, a good rehab to start with, and a clean house and yard.  Any flowers will die.  I admit we have sent many flower plantings and flower boxes on suicide missions just for a showing.  LOL  Do this if you like flowers NOT because tenants will appreciate them.  :)

  • Curt Smith
  • [email protected]
  • 678-948-7151
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