As a property owner who struggles to find tenants and receives few applicants, there might be several factors and reasons. But one of these reasons could be that your rental property is outdated. Being outdated can mean that the kitchen appliances look like they’re on their last life, or it can mean you have a strict screening process or stipulations for would-be renters.
So, to spark more interest to potential tenants, you need to make some updates–whether it’s to the interior spaces or the lease itself. Here are a few tips on how to modernize an outdated rental property and bring it into the new age.
Once you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal.