About 96% of people check online when looking for a home. Without a digital property marketing strategy, your listing won't appear online. Fairfax locals will turn to other rentals in the area.
Before that happens, use these real estate marketing tips to appear in front of new tenants. Gaining more online visibility can lead to a higher occupancy rate. Attract tenants with these tips today!
Complete a Rental Price Analysis
If you want to improve your vacancy rates quickly, you need to evaluate your pricing strategy. Setting the price too high could scare away renters. When the rent is too low, you'll lose money.
Consult an experienced property management company. They can help you complete a thorough rental price analysis. Their knowledge of current market conditions in Fairfax will ensure you set an accurate price.
To make your rental property more desirable, consider making a few property upgrades. Choose upgrades that will improve the property value, such as:
- A fresh coat of paint
- Energy-efficient home appliances
- New windows and doors
Homeowners and investors who completed renovation projects did an average of 3.2 projects. Painting interiors, bathroom remodels, and installing flooring were the most popular.
Start Staging a Rental
Before investing in professional photography, consider staging. Staging a rental can help tenants imagine their own belongings in each living space. If the house looks cluttered, potential renters may turn away.
You can invest in virtual staging to save time and money. AI technology can digitally furnish and decorate your rental property. It's more cost-effective and less time-consuming than traditional staging.
Update the Property Listing
Once you've made the above changes, update your property listing. Invest in professional photography to stand out online. Look for a photographer who can create virtual or video tours of the property.
Video content can help your property listing stand out from others. Potential tenants can explore the property online to determine if it suits their needs.
Use search engine optimization (SEO) to appear when Fairfax residents search for rental properties online. SEO can boost your rankings on search engines like Google. As you gain more online visibility, you could generate more traffic.
Enhance the listing with a thorough description of the property. Mention amenities and special features that make your property unique.
Use Multiple Strategies
An omnichannel marketing strategy will help you appear in front of more Fairfax renters. Use:
- Search engine optimization
- Paid advertising
- Email marketing
- Social media marketing
You can share photos and videos of your property on social media. Use location-based hashtags to reach Fairfax tenants. Add a compelling call to action and link to the property listing to generate more leads.
Consider working with an experienced property management company that offers marketing services. Leveraging their expertise can help you develop effective campaigns without delay.
Property Marketing Strategies for Success
Neglecting your property marketing strategy could lead to higher vacancy rates. Instead, use these tips to stand out online. A few small changes can have a major impact on your ability to reach renters.
You don't have to develop your campaigns solo. Working with PMI of Fairfax can save you time and money.
We're the top property management company with the awards to prove it! Contact us today to discuss your real estate marketing strategy.