So you’ve decided to rent out your apartment. It’s a wise choice. Especially if you live in Brooklyn. The price of renting an apartment is at an all-time high and it keeps rising as we speak. It is a great way to earn some extra money and a lot of people wish they were in your position. Whether you are laving and decided to rent out your Brooklyn apartment; or just have an extra home and want some money on the side, you need to know what you are doing. There are a lot of resources you can use in order to make sure that your Brooklyn apartment rental goes hassle-free. The same thing applies when trying to find affordable movers Brooklyn. Before doing anything, you need to be informed of all the tools and actions you can take. Without further ado, let’s dive deeper into the task of renting out an apartment in Brooklyn.
Make sure to have quality photographs of your listing
This is probably the best tip you can get if you want to rent out your apartment in Brooklyn fast. Having quality photographs can greatly impact the number of inquiries you get and ultimately lead to a successful rental. It’s pretty fascinating how many people never do this. Many of them do not even take fresh ones and just use the random few they have. If your phone does not have a great camera, ask a friend to help out. You do not need to spend money on a camera if you do not have it. When you take photographs, make sure they cover the entire apartment. The more in detail you go, the better the chance someone will reach out.
But if your apartment is not in a good state, make sure to do some necessary house renovations so that those photos would turn out as best as possible.
Emphasize the strengths of your apartment when listing it online
Even if you do not have the best apartment out there, it must have some strengths to it. Otherwise, why would you live there? The best way to renting out your Brooklyn apartment is to determine what the buyer gets. So the wallpapers are old and the sink leaking, but the view is perhaps good? If not the view, then it might be close to a major office building and a supermarket? The park is near and a family will find that appealing? You have a storage unit so there is no need for cheap storage NYC. Just sit down and think about all the good things you get by living in the said apartment and what is the type of person that would benefit from them.
Proximity to interesting places
Another thing people like to know when looking for an apartment to rent is how close is it to some important institutions, health facility, library, or some fun places where they can go out, such as sports bars where they can enjoy a quality beer while watching a game of their favorite sports team.
Having an open house is not a choice, it’s something you must do
It might be inconvenient and weird, but nothing will speed things up than this. Everyone wants to see the apartment first before finalizing everything. Additionally, an open house is much more buyer friendly than just meeting with them one on one. Some people are not as socially skilled and just want to look at everything by themselves and not be bothered by anyone. If you do decide to go this route, make sure to cover these next steps so you do not scare potential tenants off rather than bringing them in:
- Clean the apartment – again, it’s inconvenient and takes time, but it will help you rent out your Brooklyn apartment.
- Make sure to fix everything you can – if some painting or remodeling needs to be done, now is the time to do it.
- Market the listing – use Facebook, Craig’s list, MyNewPlace.com, and Apartments.com or any other way to let people know they can come and check out your apartment.
- Plants and refreshments are always a good option.
Get at least 3 offers, do not settle for the first one
Although renting your apartment is a great way to make money, do not jump the gun. Makes sense, right? If your listing is hot and someone applies right away, wait a little bit. Give it at least a day or two before saying yes. If you do not, a better offer waiting around the will never come. I know you probably want to get it over with as soon as possible considering all the work needed, but patience is always good.
On the other side, if you have been trying to rent out your Brooklyn apartment for a while and it’s not going so well, and then someone bites, throw the patients out the door. If you feel nothing else will come and if it does; it might not be better than the offer you have in your hands, give the keys to your new tenants and go for it. It all depends on the situation, patience is a virtue, but you could stay empty-handed while renting out your Brooklyn apartment. How does that bird in the hand, something in the bush saying go again?
Getting a broker is not a bad idea when trying to rent out your Brooklyn apartment
I know the word broker is not something anyone wants to hear, but there’s a reason that the profession exists. If you go with the right person that has the knowledge and knows what they are doing; renting out your Brooklyn apartment will be much easier than otherwise. They will know what exactly to do, how much to ask for it and the best ways to advertise. The best thing is, you do not have to do anything.
Everything will be done by the person you hire. For a fee, of course. And many people do not like this. The idea of spending extra money when renting does not sit well. But it might be necessary. If you live a busy lifestyle and do not have the time for all of this, it’s probably the right choice. Again, if you do decide to go this route, do your research. Make sure you get someone good help rent out your Brooklyn apartment.