5 Reasons Why Your Rental is Not Attracting Tenants
Published Date: 1 Aug, 2024
5 Reasons Why Your Rental is Not Attracting Tenants
Is your property lying vacant for months? Finding a suitable tenant for best luxury properties dubai, whether it is residential or commercial, requires thorough working. The property market in UAE is thriving and you can enjoy high ROIs with a great tenancy plan. If you want to put your property in the market for a long-term tenant, you must run background checks and hand them to a tenant which is reliable and has a clean record. On the other hand, if you are putting your property on short-term rent such as a holiday home or a BNB, you should offer incentives to suit the needs of travelers. If your property has been lying vacant for a long time, you need to consider the following;
Poor Rental Terms
One of the major reasons your rental property is still vacant is because your rental is not tenant-friendly. Asking for higher deposits and higher rental charges than the market are important factors that can make the tenants withdraw from the deal. Moreover, applying restrictions on the tenants such as time restriction, pet ban, number of people, etc. are also enough to make the offer uninteresting. Your rental terms should be based considering your interests as well as the comfort of your tenants.
Inefficient Marketing
Another reason why your property is not getting decent tenants is that it is not advertised properly in the market. People prefer to rely on reviews, pictures, and videos before coming in to check the property. Invest in good marketing to show the true potential of your property.
Poor Cleaning
A poorly kept property is a major turn-off for the potential tenants. It leads them to think about investing in thorough cleaning. Without regular cleaning, the property becomes highly unhygienic with the possible presence of pests. Most people would avoid living in such a place where hygiene levels are low and the overall environment is unpleasant.
Lack of Smart Features
If your property is built on old designs without the integration of technology, then it may lack an attraction for people. Most tenants look for properties featuring smart features like digital locks, keyless locks, elevator access, central air-conditioning, and high-speed internet. The lack of these features may make your place dull and unattractive.
Inexperienced Brokers
One of the significant reasons why you are property is still vacant is because you don’t have the support of a reliable broker. Looking for new tenants is not a DIY project and should be done with the support of an experienced property broker dubai. Your property agent must be well aware of the real estate dynamics and come from an agency that is well-connected throughout the UAE.
At A Land, we offer our clients exceptional services to find the best tenants for their properties. Looking for a reliable tenant? Contact Us.
Date: 1 Aug, 2024
