2021 is almost here, and for many people, it can't come soon enough!
If you're like most people, you're looking forward to starting a new year but, even though we're getting ready for the holidays, you should also be focusing on establishing goals for the coming year as well.
This article will share with you several tips that you can use for setting 2021 goals for your rental property.
Goal #1 - Focus On Improving The Kitchen And Bathroom
Since most tenants spend time either in the kitchen or bathroom of rental property, these are the rooms where you should focus most of your renovation efforts.
Thankfully, you don't have to engage in extensive renovations in either room if you don't have the budget to do so, you can renovate, or refresh the kitchen and bathroom in your rental property by doing the following.
- Repaint each room
- Refinish the cabinets
- Replace cabinet Door & Drawer Hardware
- Replace flooring
Focusing on minor renovations is going to be enough to make your rental property look fresh and inviting when you start marketing again.
Goal #2 - Invest In Improved Marketing
Once you taking the time to improve your rental property, the next thing that you need to do is focus on improving your marketing.
By improving your rental property marking we mean that you should take new pictures and video of your property to post online.
New picture and video are important because you want to show potential renters what the property looks like now, instead of what it looked like 5 years ago.
Goal #3 - Hire A Property Management Company
Last of all, but most important, if you haven't hired a property management company to manage your property for you, what's stopping you?
Hiring a property manager is the most efficient thing that you can do to get an excellent return on investment from your property without having to do all the work yourself.
To learn more about the property management services that we can offer you, contact us today by clicking here.