Particularly in recent years, Ethiopia has seen an increase in the demand for housing, and with that demand comes an increased level of specificity among consumers. When looking for a place to rent, most tenants prioritize location, price, and cleanliness. However, what other things can you do to make your property stand out to tenants? Live Ethio advise taking these few things into account.
Take beautiful pictures of your property. The first thing prospective tenants will see are the pictures you use to market your property. Ensure that they are legible, well-lit, and highlight the best aspects of your property.
Give your property an extensive description in writing. Your description needs to be clear, concise, and educational. The best aspects of your property should be highlighted, and any questions that prospective tenants might have should be addressed.
Offer a variety of amenities. Tenants may be looking for amenities like parking, a gym, and a washer/dryer in each unit. You will have a better chance of luring tenants if you are able to provide these amenities.
Be accommodating with moving-in dates. Some tenants might have to arrive early or stay late. You will be more likely to draw tenants if you can be flexible with move-in dates.
Provide a relocation incentive. Anything from a free month of rent to a gift card to a nearby restaurant could qualify as this.
Make renting a pleasant experience. This entails responding quickly to maintenance requests, being reasonable with rent increases, and offering a tidy, well-kept property. Tenants are more likely to extend their leases if you give them a good rental experience.
Be prepared to negotiate. The rent price you set is just a starting point. Be willing to negotiate with tenants to reach an agreement that's mutually beneficial.
By implementing these suggestions, you can improve the appeal of your rental properties to potential tenants and raise the likelihood that they will be quickly rented.
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Addis Ababa, Ethiopia (4th Sep 2023)