While rental properties are vacant, it’s true that they are not producing cash flow, but owners can undertake projects to make the property more attractive, and it may generate more monthly rental income.
The question is, which upgrades are worth investing in? What’s best for you as a landlord? What will make your tenants happy? Which upgrades can raise your monthly rental income? As well as what will increase your property value?
Update Curb Appeal to attract tenants
Upgrade from Carpet to Durable Flooring
Painting a Rental Property Can do the Magic
Restructure the Kitchen
Make Your Property Pet Friendly
Add Popular Amenities
There are many different properties available for rent in the market. In all this, to make your property more attractive, you should provide some popular amenities for your tenants. With this, not only you will be able to attract tenants, but you can also increase the rent for your property. Here is a list of some amenities that you can add in your property: –
Dishwasher, Storage Space, Air Conditioner, Parking, Outdoor living areas, Washer and dryer in unit.