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November 21, 2019

5 Tips to Make Money Renting your Home!

Renting a home is a fantastic way to generate passive income. Maximize your potential income with these 5 tips on making money renting out your home!

Rental Home

1. High-Quality Photos

Showcase your home’s best features with high-quality photos. If you don’t feel confident taking photos from your smartphone, we recommend hiring a professional photographer. This will set your home apart from the other listings online. If you decide to take the photos yourself, try taking as many as possible to fully show every room in the house. Don’t forget a detailed listing description, including location, to top it off!

2. Cleanliness and Amenities Matter

To get top-dollar for your rental property, you’ll want to appear as clean and updated as possible. Double-check to ensure all your appliances and amenities such as a dishwasher, TV or hot-tub are working properly. Tenants rent your home with the expectation that everything works. We highly recommend deep cleaning your home before tenants arrive. Tweener Homes includes cleaners and in-home inspections in the lease after tenants leave.

3. Find a Quality Tenant 

This may be one of the most important aspects of making money with your rental property. You want to ensure your tenant has a steady income stream, good credit, and no criminal background. Tweener Homes provides background screenings to connect homeowners with qualified tenants.

4. Be a Good Homeowner

Simple enough! Being a good homeowner means being responsive to tenants’ needs. Something is broken? Schedule a time to have it fixed in a timely manner. Understand the laws, and follow the rules of the lease.  Just like any neighbor, it is bad manners to show up unannounced, unless it is an emergency.

5. Add Special Touches 

Leave a good first impression by adding simple, special touches to the property. For example, stock the fridge with waters or sodas, leave instructions on how to use your appliances or tips for where to eat around the rental property. Tenants will appreciate the gesture and are more likely to rent your house again.

Own a vacant furnished home? Interested in earning additional income? For more information on leasing your home through Tweener Homes, please visit tweenerhomes.com 

Category: Hospitality, Realty

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