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How to Boost Your Rental Returns This Spring

August 29 2024

Kollosche Property Management offers tips to prepare your property for spring leasing to boost your rental income and reduce vacancy periods.
How to Boost Your Rental Returns This Spring

As spring approaches, the Gold Coast rental market gears up for its busiest season. For landlords and property investors, this period presents a golden opportunity to maximise rental returns. However, in a competitive market, simply listing your property isn’t enough. To attract quality tenants and secure top dollar, careful preparation is essential. Here’s how you can ensure your property is ready to shine this spring and capitalise on the season’s leasing surge. 

Perfect Presentation

First impressions count, and in the rental market, presentation is everything. As Todd Madwick of Kollosche Property Management emphasises, ensuring your property is presented at its best is crucial. This means going beyond a simple clean-up.  

Focus on key areas that can make or break a tenant’s decision, such as the garden, pool area, and general cleanliness. A well-maintained garden can instantly enhance curb appeal, while a clean, inviting interior can help prospective tenants visualise themselves living in the space. 

For furnished properties, clarity is key. Decide what will stay and what will go before listing the property. This avoids any last-minute confusion and ensures the property is presented cohesively. Whether your property is furnished or unfurnished, it should be showcased in a way that highlights its strengths and appeals to your target market. 

Compliance is King

Nothing derails a leasing process faster than overlooked compliance issues. Todd’s experience highlights the importance of getting all the necessary certifications in place before listing. This includes ensuring that smoke alarms are certified, pool safety certificates are up to date, and all other regulatory requirements are met.  

In a market as tight as the Gold Coast’s, any delay in compliance can result in missed opportunities, especially during the spring surge. By ticking off all compliance boxes early, you can list your property without hesitation and attract tenants who are ready to move in immediately. 

Strategic Timing

Timing is everything, especially in the spring leasing market. While it might be tempting to list your property as soon as possible, Todd advises against putting it on the market too early. “Most of the interest comes in the first 14 days,” he notes, explaining that properties listed too far in advance may lose momentum and fall down the list on platforms like realestate.com.au. 

To maximise interest and ensure your property stays top of mind, consider listing it closer to the availability date. This strategy not only helps maintain a sense of urgency but also ensures that the property is fresh and appealing when prospective tenants are actively searching. 

Effective Marketing

Even with the best presentation and perfect timing, your property needs to be marketed effectively to reach the right audience. High-quality photos, engaging descriptions, and video tours can make a significant difference in attracting tenants. With more people searching online, ensuring your listing stands out on digital platforms is crucial. 

Ready to make the most of the spring leasing season? Contact Mark Thomas on 0468 901 478 or Chelsea Norman on 0411 292 888 to learn how Kollosche Property Management can help you maximise your rental returns this spring. 

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