5 tips to maximise your rent

1.Refresh
Rents need to increase to keep up with inflation if your rent is tracking backward it’s because of increasing supply outpacing demand in your area or most probably lack of investment.

2.Longer leases
I don’t like 6-month leases because it could mean two letting fees and two periods of vacancy each year.
Instead, I like a commitment from my tenant and longer leases such as 12-month leases mean less interruption to my cash flow.

3. Minimise vacancies 
Professional photos advertising your property, feature property status putting them on page 1 of the most dominant portals, and showing your property 3 times a week at tenant-friendly times.

4. Set a rent at 95% of the market 
This one is a little bit counterintuitive but it means you will have a much better inquiry and therefore a range of tenants to choose from.
It lets you pick the best qualified and they will more than likely stay longer.

5. Mod cons
Tenants love them and they can really add value so try and get as many of these on your property.
Things like a dishwasher, air conditioning, built-in robes, remote garage access, plenty of storage, security features, outdoor entertaining area like balconies or courtyards, fully fenced properties, two separate living spaces (adults and children’s), and off-street parking.