At Oak City Properties, we’ve spent more than 25 years helping property owners in the Triangle area achieve success in the competitive rental market. Attracting reliable tenants requires a strategic approach that goes beyond a basic listing. Whether your property is a contemporary apartment in downtown Raleigh or a charming home in Cary, implementing the right steps can make all the difference. Here, we share professional insights to help you position your property effectively and appeal to high-quality renters.
1. Set the Right Rental Price
Let’s start with one of the most important factors, pricing. Setting the right rental price is a balancing act. Price too high, and you may scare off potential renters. Price is too low, and you risk leaving money on the table.
At Oak City Properties, we use local market data and trends to help property owners determine competitive rental rates. In the Triangle, factors like proximity to Research Triangle Park (RTP), nearby schools, and local amenities can significantly impact rental prices. A well-priced property will attract more interest and reduce the time your property sits vacant.
2. Highlight What Makes Your Property Unique
What sets your property apart from the competition? Maybe it’s the proximity to a top-rated school in Apex, a quick commute to downtown Raleigh, or modern upgrades like stainless steel appliances and smart home features.
Renters in the Triangle often look for properties that cater to their lifestyle. For example:
- Young professionals want convenience. Highlight access to RTP, walkable neighborhoods like those in downtown Durham, or public transportation options.
- Families prioritize schools, parks, and safe neighborhoods, making areas like Cary and Morrisville especially appealing.
- Students from NC State, Duke, and UNC-Chapel Hill may look for affordability and proximity to campus.
Make sure your listing and marketing materials emphasize the unique benefits your property offers to your target audience.
3. Boost Curb Appeal
First impressions matter, and renters often make decisions within moments of seeing a property. Ensure your property’s exterior looks inviting:
- Keep the landscaping neat and trimmed.
- Pressure wash the driveway and sidewalks.
- Add fresh paint or touch-ups to the front door and shutters.
For multi-family properties or apartments, ensure shared spaces are clean and welcoming. Even small investments in curb appeal can go a long way in attracting renters.
4. Invest in Professional Photography and Virtual Tours
Did you know that properties with professional photos rent faster and for higher prices? Because everything has become digital, your online listing is often the first—and really your only—chance to grab a renter’s attention.
Professional photography can highlight your property’s best features, from natural lighting to spacious rooms. Better yet, offer a virtual tour or 3D walkthrough to make it easier for out-of-town renters relocating to the Triangle to envision themselves in your space.
5. Keep Your Property Well-Maintained
Nobody wants to rent a home with leaky faucets or outdated fixtures. To attract quality tenants, your property needs to be in top-notch condition. Before listing, complete necessary repairs and consider upgrading high-impact areas like kitchens and bathrooms.
In the Triangle, where we see a mix of tech professionals, and families, modern conveniences like energy-efficient appliances, smart thermostats, and updated flooring can make your property more desirable.
6. Screen Tenants Thoroughly
Attracting renters is only half the battle; finding the right renters is just as important. A thorough screening process can save you time, money, and headaches down the road.
At Oak City Properties, we screen tenants by:
- Verifying income and employment.
- Checking credit scores and rental histories.
- Performing background checks.
A strong tenant screening process ensures you attract responsible renters who will treat your property with care.
8. Offer Flexible Lease Terms
Flexibility can set your property apart in the competitive Triangle market. Consider offering options like month-to-month leases, pet-friendly accommodations, or furnished units. These small adjustments can appeal to a broader audience, such as renters relocating for work or those with furry companions.
9. Partner with a Property Management Team
Managing a rental property isn’t easy, especially if you’re juggling other responsibilities. Partnering with a professional property management team, like us at Oak City Properties, can simplify the process. We handle everything from marketing and tenant screening to maintenance requests and lease renewals, ensuring your investment remains stress-free.
Standing Out in the Triangle
With the Triangle area’s thriving economy, top universities, and diverse population make it an incredible place for property investment. By setting the right price, highlighting your property’s unique features, and working with a trusted team, you’ll not only attract renters but also ensure long-term success.
Oak City Properties is Here to Help
At Oak City Properties, we’re here to support your real estate journey, whether you’re a seasoned flipper or just starting. We provide custom solutions and competitive quotes that tailor our services to what you really need. Our full property management service will work with you each step of the way when renting and maintaining your property. We believe hiring a property management company should be a transparent process built on trust and doing our absolute best to take care of your investment.
Want to learn more about our commitment to effective real estate investing and property management? Contact us today via the form below or call (919) 232-9222.
Interested in reading more? Check out these other blogs that you might find helpful.