3 Tips to Rent out Your Property Faster

Are you trying to rent out your apartment or villa? There is still a shortage of available housing here in Tripoli. Rentals are not easy to find, which is a good thing for those with properties to rent out! In order to more quickly rent out your property, follow these 3 tips.

Ensure that the Property is Clean and Well Maintained

Potential renters will often make their decision to rent or not based on their first impression of your property. Make sure that their impression is a positive one. The key to this is ensuring that the house/apartment, garden area, pool and even the areas outside of the gates by the street are all clean and neat. Be sure to pick up dead insects. Trim the trees and bushes around the house. Pick up garbage that may be in the street in front of the property. Finally, fix loose or hanging cupboard doors, broken windows and shutters.

List with a Reputable Agency

Another key to renting out your property faster is the real estate agency that you use. Check out the reputation of the agencies that you are considering. Look for agencies that excel at advertising and that have a good name in the community. These are the agencies that likely have a better stream of clients who are coming to them to find properties to rent.

Set a Fair Rental Price and Expectations

Finally, consider what rental price you want for your property. Set a price that is fair to you AND to the renter. Don’t set it too high or the clients will simply go elsewhere once they see other similar options at better prices. Be reasonable in the expectations that you have for the renters. We understand that it has been common in the past for owners to ask for all the rent up front when the contract is signed. However, with the current security situation here in Libya, many are not willing to pay for a year in advance when something may come up forcing them to lose their money. Consider either accepting a lower amount up front or including in the contract some sort of refund, should the political/security situation force the renter to break the contract.

We hope that these tips will help you to rent your villa or apartment faster. If there is anything we can do to assist you, please do not hesitate to contact us at Almanazil. We are here to serve you!