How to Attract High End Tenants to Your Property

Renting your property can be a joy or a nightmare. And this mostly depends on your tenants. To make sure everything goes smoothly, it helps if you secure high end tenants.

Here are some tips from Paramount Properties on how to attract them:

Marketing

To attract any kind of tenant, you need to market your property. And especially so for high end tenants. Make sure your marketing appeals specifically to the type of people you want to attract, and advertise in places they are likely to see it.

Also, take care to be detailed in your marketing efforts as to what you are looking for in a tenant. This will help to weed out the lower end tenants you don’t want to attract.

Screen Tenants

Before you take on a tenant, make sure you do your homework and screen them correctly. Speak to their previous landlords to see if they ever caused any problems, and check their employment status and financial situation. Try to take emotion out of the decision as much as possible and don’t select tenants based on whether you like them or not.

Check the Competition

If a potential high end tenant is interested in your property, chances are they’ll also be looking at similar properties in the area. So make sure you research what you’re up against and what the competition are offering. And once you know this, figure out how you can make your property seem more attractive in comparison.

Be Clear About Your Expectations

Always be up front and let potential tenants know exactly what the rules are and what you expect from them. To your ideal high end tenant, this should represent no problem whatsoever, and should help to scare off anyone who does not meet your standards.

Picture Your Ideal Tenants and Target Them

Try to imagine what your dream tenant would be like, and put yourself in their shoes. What issues are important to them? What do they look for in a property?

Once you have identified what your perfect tenant wants, try to cater for them specifically and put extra emphasis on the things that matter to them most.

Your Appearance

High end tenants will also have higher expectations of their landlord. Above all, they want someone who is reliable and professional. That’s why your appearance is extremely important. You need to convey an image of absolute professionalism, and if you don’t look the part, you may find that high end tenants are unwilling to trust you.

Never Show an Unfinished Property

Wait until any renovations are finished before showing potential tenants around. High end tenants place great value on quality and want to be sure a property is exactly what they want. When work is still being done, it is difficult for them to picture this.

High end tenants can make a world of difference to your experience as a landlord. If you don’t find the right people, you’ll have no end of problems. Newington Green estate and letting agent M&M Property advises you to follow the above advice to secure tenants that are ideal for you.

You May Also Enjoy

Home and Living

Top 4 Indications That Your Two Story Home is in Need of Pest Control

Have you noticed tiny pests crawling around your home? Pests are more than just a nuisance. They can cause damage and spread diseases. If you live in a two story home, it can be even harder to spot the signs of an infestation. Knowing what to look for is the key. In this guide, we…
Read More
Estate Agent Talk

Matching Your Needs: Choosing The Ideal Residential Property Management Services

Owning residential properties can be an excellent investment, but managing them can quickly become hard. From handling tenant issues to maintenance and rent collection, it’s a time-consuming task. Fortunately, there is a solution—property management services. They can handle these tasks for you, freeing you to focus on other priorities. However, with so many options available,…
Read More
Breaking News

Third of Private Renters Are Struggling to Afford Their Rents Says New Research

Over a third of all private renters are finding it difficult to afford their rent according to new research out today. Whilst overall 35 per cent of renters said they were finding it difficult or very difficult to afford their rent, this proportion increased to 56 per cent for those not in work due to…
Read More
Home and Living

Why Select High-Quality Shower Drains for Stunning Wet Room Design

A wet room is a fully waterproofed bathroom with an open shower area, where the floors and walls are designed to handle water exposure. One of the most important aspects to consider when designing a wet room is your shower drain. With a great range of available designs, homeowners and those in the construction industry…
Read More
Breaking News

Bank of England’s decision to hold the Base Rate – Industry Reaction

The Bank of England held interest rates at 5.25% for the seventh time in a row. The decision comes despite official figures yesterday which revealed inflation had fallen to the Bank’s target of 2% for the first time in nearly three years. Here are some thoughts from the property industry.   Rightmove’s mortgage expert Matt…
Read More
Breaking News

Breaking Property News – 20/06/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   OpenBrix, Home, & TDS unite to digitally upgrade the tenant user experience Full disclosure Adam Pigott and the team at Openbrix are one of my original and long serving clients in my day job of getting proptechs from MVP to exit (Proptech-PR). But as…
Read More