Did you know that the housing market in Alabama is set for a comeback in 2024? With a lower cost of living and cheaper properties, paired with lower inflation, it will be easier than ever to become a property investor in this part of the country.
Have you ever wondered how best to market your property listing? Read on to learn about five easy strategies you can use for your property marketing.
1. High-Quality Photographs
Your listing will not get many views if you have bad photographs. You need to invest in high-quality photos so that potential tenants can see every detail of the property.
Many smartphones nowadays have advanced camera features. If you are not great with a camera, it may be worth it to hire a professional property photographer.
2. Outline Amenities
Amenities are a huge factor in finding tenants. Certain amenities can sway a potential tenant toward your property, rather than others. Think of features that make your property truly unique.
If you live near a good school district or an area good for families, consider adding it to your property listing. List as many amenities as you can think of. It is better to have too many amenities than too few.
3. Work With a Property Management Company
A property management company is the way to go if you want a hands-off approach. They can handle as much or as little of the property marketing process as you need.
For instance, if you do not like tenant screening, the property management company can evaluate renter applications and push through reliable tenants.
The property management company may also have connections for things like maintenance contractors. You will not have to worry about anything concerning your rental property.
4. Set Competitive Prices
Setting prices can be tricky in a real estate market where properties continue to get more expensive. You may think it is best to set your price as high as possible, but that might not always be the best solution.
Look at other properties in your area to get a feel for what you can charge. Try to charge at least what will cover your mortgage and other monthly expenses. Anything you make after that will be pure profit.
5. Make Regular Updates
An old or outdated rental property may attract the wrong types of tenants. You may also find that you cannot charge as much if your property doesn't have the latest amenities.
Always factor in maintenance and updates into your rental pricing strategy. Look at the appliances, structure, roof, and other factors regularly to see if anything needs to be updated.
Try These Property Marketing Tips Today
You should not have to worry about advertising your property listing. With these property marketing solutions, you can fill your vacancies quickly.
Are you ready to start finding tenants in the Huntsville, Alabama area? PMI North Alabama is the perfect property management solution to help you with everything from property photography to your rental property strategy.
Reach out to us today to learn more, or schedule a consultation.