Property Leasing Consultants Can Maximise Your Rental Income
As the landlord of a retail space, your main priority is to maximise your rental income. But in reality, wading through the complications of finding reliable tenants, setting realistic rental rates and ensuring that the property is in good repair can be a headache, not to mention time-consuming.
This is where LeaseWise comes in. As one of the leading property leasing consultants in Melbourne, we are perfectly positioned to help you generate a regular income from your rental property without the pain. Let us explain how.
1. Setting the Right Rent
Knowing where to set your rental is a tricky business that involves considering many factors, such as location, parking, layout, amenities and more. Leasing consultants have a full range of tools and a healthy dose of experience to take the guesswork out of rental rates.
We use a range of tools, including property management software, property networks and current market values, along with an analysis of a property’s unique features (for example, spacious layout, premium finishes, prime location or plenty of parking) to determine the optimal rental rate to attract the right kind of tenants.
2. Marketing Your Property
Property leasing consultants have the right skills and networks to know where to list your property for rent. By creating a listing highlighting your property’s best features, we can get the best reach and attract qualified tenants.
3. Screening to Find the Perfect Tenant
Before choosing your tenant, it is important to put them through a screening process. Your property leasing consultant will implement a strict screening, including the following:
- Credit history: Assessing the tenant’s financial reliability and payment history.
- Rental references: Contacting previous landlords to find out about the tenant’s rental history, payment patterns and property care.
- Income verification: Confirming business income, sales, tax and banking information.
- Background checks: Conducting background checks to identify any potential legal issues or red flags.
4. Lease Negotiation
A watertight lease is essential to protecting your interests as the landlord. Your leasing consultant will help draw up a favourable lease that outlines all the important details like lease terms, rent increases, renewal options, maintenance responsibilities and insurance requirements.
By taking time to prepare a legally binding lease, a property consultant enables you to make strong landlord/tenant relationships in the future by removing any potential grey areas.
As one of the leading property leasing consultants in Melbourne, we have the expertise to help you make the most of your property investment. Contact LeaseWise today to maximise your rental income today!