Jacksonville Property Management Experts

Real Estate Done Right.

Jacksonville Property Management Blog

Property Value: How to Increase Your Rental Income

System - Tuesday, October 12, 2021
Property Management Blog

The rental market in Jacksonville is hotter than ever. If you’re looking to increase your rental income, you’ve come to the right place. From what to fix and what to improve, we’ve rounded up our favorite tips to help you attract higher-paying tenants.

We’ll go over what investments to make and a few easy ways to help you command more rent. Let’s get started boosting your property value and getting more rental income each month.

1. Make Property Improvements

If your home is in need of an update, you’re likely only attracting tenants who need to pay a lower rent. To maximize your rental income, consider making improvements to your rental home or apartment. If you want high-quality tenants who pay top dollar, your rental property needs to look the part.

There are some easy home improvements you can make that won’t break the bank. Replacing old flooring with a luxury vinyl plank, for example, is an inexpensive way to boost your property value and your rental income. These floors are quick to install and can stand up to almost anything.

Painting walls, staining cabinets, and updating fixtures is another way to improve your home without overspending. These small changes will go a long way in making your rental home look more updated. Just a fresh coat of paint alone will make your home appear newer and brighter.

2. Attract Tenants with Higher-Quality Marketing

If you’re currently marketing your rental property with old, dark, iPhone photos, it’s time for an improvement. High-quality images will go a long way to showcase your property.

If a potential renter sees glossy, beautiful photos, they’ll want to come to check out your rental in person. You only have a few minutes to grab a renter scrolling online. Make it count.

3. Boost Your Curb Appeal

Your front door is your first chance to make a good impression on a renter. Whether you own a single-family home or an apartment, you can make a big impact at the front of your home.

Consider a new front door, cute planters, and some small landscape updates.  Just a few small touches will make a big impact when a tenant first comes to see your property.

4. Fix Those Broken Items

If you have a lot of broken items in your home, it’s time to have them repaired. A tenant won’t pay top dollar if things are broken or don’t work. We can help you coordinate repairs and get those items fixed right away.

Tenants want to feel safe and well cared for. A rental with everything in working order will command more rent. Any property investment you make here will go a long way to boost your home’s value as well.

Boost Your Property Value and Increase Your Rental Income

Rental income will always coincide with a few factors. The location and the condition of your rental property are the biggest rent drivers. Making a few improvements to your property will not only boost your property value but they will also increase the amount you can charge for rent.

For more tips on raising the value of your home and commanding top-quality tenants, fill out the contact form here. You’ll be put in touch with a rental expert that can help boost your rental business and take a load off your shoulders.

Share