Posts Tagged ‘edmonton passive income’

5 Things To Do To Get Great Tenants in Edmonton

Sunday, November 9th, 2014

Edmonton rental home properties

Great that you want to capitalize on the real estate growth of Edmonton. Having an investment in rental properties is one of the best things you could have in today’s economic environment.
Here at Team Leading Edge, we gathered the 5 simple things you can do to get those great tenants and start earning passive income, fast!

1.    FIRST IMPRESSIONS LAST-TAKE CARE OF THE YARD!

Yes, first impressions do last and it speaks true to your home. If you want great tenants, you must present a great home. Start with your front yard as it is the very first thing that potential tenants would see. Do all the necessary stuff to make it look awesome; mow, trim, prune. Just remember, the things you did at the front, you must also do at the back.

No need to drop a big amount of cash just to make the front and back yard look beautiful. Minor adjustments would do the trick such as installing new light fixtures and painting the mailbox.
2.    SPEAKING OF PAINT

Since the home will be used for rental, no need to paint in your favorites colors. Simply go with neutral colors of different shades in different rooms. Rule of thumb is to make the interior color “warm” to its potential tenants.
3.    TIDY UP MY FRIEND

Time for you to remove clutter and all personal things inside the house. We know it sounds obvious but it won’t hurt to remind you again to clean, scrub and dust every nook and cranny of the house. The more storage and floor space you create, the closer you get to bagging that rental deal.
4.    THE KITCHEN

The kitchen is the heart of the home, it’s where the lady of the house makes her magic happen so try to pay special attention to this one. Assuming you have “clean, scrub and dust” every nook and cranny, then you’re already safe. Time to move on to the last one.
5.    THE BATHROOM

It’s basically the second place where dirt accumulates all the time, mold in particular is one of the nastiest things that may inhabit this part of the house. Make sure to remove all molds from the grout. The easiest and cheapest way to remove this is through the help of lemon juice. (apply, scrub, scrub, apply, scrub, rinse, you’re done!)

Double check toilet seats if it needs replacements and also check for grime and scum in the shower area (prepare yourself to do some scrubbing again).
Lastly, make the new tenants feel beautiful with a newly washed and sparking clean bathroom mirror.

There you have it, a few minor tweaks and you’re all set to close the deal and receive that income stream.
Do check out our Edmonton MLS for all the available investment properties for sale in the Edmonton and nearby area.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.