Make the Most of Any Rental Unit: Property Upgrades and Maintenance

The key to maintaining a profitable rental unit can often time come down to maintaining and upgrading wisely. While some in-unit changes likely aren’t worth the money, many are. Often times, investing more initially will pay off over the long run. Here is a list of recommended changes and best practices that won’t break the bank over the long run. These changes will allow any landlord to keep the rent high and ensure less tenant turnover.

Focus on curb appeal.

  • Changes include landscaping, power washing, and repainting the exterior. This can be particularly helpful when it comes time to place a new tenant in your unit.

Upgrade the appliances.

  • This is a purchase that should be viewed as an investment, as band-aiding problems can be expensive long-term, cause tenant dissatisfaction and become a headache for you, the property owner.

1Add backsplashes in the kitchen.

  • This is a cheap addition that will light up any kitchen and provide a quality feel to the room.

Wash carpets instead of always replacing.

  • A professional carpet cleaner can make even the dingiest of carpets appear brand new. Give this a show before choosing to replace immediately.

Invest in high-quality fixtures.

  • Not only will this provide your tenant with a more polished look, the investment will pay off in the long run as less maintenance/replacement will be required. Band-aiding issues will most likely become more expensive in the long run.

Install new shutters or curtains.

  • Old shutters and curtains can make even the nicest of units appear worn and dated. Consider newer, more modern options to get the most out of your unit.

Keep it clean!

  • Perhaps the most important item on any landlord’s list is often the most overlooked. Always thoroughly clean between tenants to ensure your unit does not wear prematurely. It is recommended that a professional deep clean be done between each tenant.
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Save time with online rental applications

If you’re a landlord, tenant, or an agent, time is of the essence when it comes to the rental jungle. So why does such a large portion of the industry still use paper applications? Why do they rely on credit/background checks that take days to process? Having a fast and efficient tool for every stage in the rental process is crucial for all parties; which is exactly we partnered with TransUnion and created our own Online Application Tool.

Rental Beast is here to make paper applications a thing of the past by. Why does this matter to you?

Why should I care as a Landlord?

  1. The majority of our applications can be processed almost instantaneously, so, as a landlord, you don’t have to wait days for your applicants information to be generated! More speed = decreased vacancy rates!
  2. All your applications in one spot! Whether you have one property, or a dozen, all your applications will be present in one dashboard.
  3. Reduce your liability! Paper applications must be destroyed correctly to ensure the documentation does get into malicious hands. Rest easy, as our application dashboard completely secure!

 

Why should I care as a tenant?

Let’s imagine you have two potential tenants, both of which have identical credentials are applying their dream rental…

Tenant 1 uses our online application tool, while Tenant 2 uses a paper application.

Within hours, Tenant 1 is accepted by the landlord and they can be fully moved in by the time Tenant 2‘s application is fully processed.

Nobody wants to be Tenant 2.