According to Zillow Rental Manager, the average Austin home rents for around $2,100 a month. That's a nice chunk of change for a property owner!
Let's look into listing your home for rent, including setting the right price, tips for attracting vacationers, and more!
Preparing Your Home for Rental
Before listing your home, it's important to make sure everything is in good condition. Repair any damaged areas, such as leaky faucets, broken windows, or worn-out flooring. A clean, well-maintained property will appeal more to renters and vacationers, so deep cleaning is essential.
Austin has specific rental regulations, especially if you're offering short-term vacation rentals. Be sure your property meets these standards to avoid potential fines or other issues. It might involve obtaining necessary permits or making sure the home meets safety requirements.
Staging the home can help attract tenants. Arrange furniture in a way that makes rooms feel open and welcoming. Adding a few decorations or ensuring the home is well-lit can make it more appealing to potential renters.
Pricing Your Rental Property
Setting the right price for your rental property in Austin is a critical step. The rent you charge should reflect the current market while staying competitive to attract renters quickly.
Start by researching similar homes in your neighborhood. Pay attention to factors like the size of your home, its condition, and the amenities you offer. Properties with features like a pool, updated appliances, or proximity to downtown Austin can often command higher rates.
Listing Your Home for Rent
Creating a strong rental listing is key to attracting tenants or vacationers. Your listing should highlight what makes your property stand out while giving potential renters a clear understanding of what to expect.
Start with high-quality photos that showcase the best features of your home. Make sure to include all important details, like the number of bedrooms, bathrooms, and any amenities. A well-written description can also help your listing.
Be honest, but focus on what sets your property apart. A clear, attractive listing makes it easier to find renters quickly.
Attracting Tenants and Vacationers
To make your Austin rental stand out, you need to appeal to both long-term tenants and vacationers.
Austin is a vibrant city that attracts people for its music, culture, and festivals. Emphasize your rental's proximity to popular spots like downtown, parks, or local attractions. Mentioning nearby restaurants, shopping centers, and public transportation can draw attention from vacationers looking for convenience.
Getting the word out requires using different platforms. List your rental on popular vacation rental websites, but don't forget to advertise through social media and local community boards.
If your home has standout features, such as a pool, outdoor patio, or spacious living areas, make sure to highlight these in your listing. High-quality photos and clear descriptions of these features can set your property apart.
Renting Out a Property
Listing your home for rent in Austin can be a smooth process when you're prepared.
At PMI ATX Properties, we're part of the fast-growing PMI franchise that has been changing the property management industry for two decades. We provide professional Short-Term Property Management services, utilizing state-of-the-art technology.
Get in touch today to find out how we can help with your Austin rental!
