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Sven Schwarzat: How to rent out an apartment most effectively

06-02-2024 09:30 AM CET | Industry, Real Estate & Construction

Press release from: Schwarzat Capital

Sven Schwarzat at a viewing appointment (© Sven Schwarzat)

Sven Schwarzat at a viewing appointment (© Sven Schwarzat)

Renting out an apartment can be a lucrative source of income, but the process requires careful planning and a strategic approach. Sven Schwarzat has known this game for years, as he is active as a real estate portfolio holder with his Schwarzat Capital GmbH. He holds properties in Leipzig and Magdeburg and is based in Lützen himself. Here are some tried-and-tested steps and tips on how to let a property most effectively.



1. conduct market research



Before you put your apartment up for rent, it is important to analyze the local rental market. Look at similar apartments in your area to determine the average rental prices. Pay attention to factors such as the size of the apartment, the amenities and the location. This will help you set a competitive rental price that is both profitable for you and attractive to potential tenants.



2. prepare the apartment



A well-presented apartment attracts more potential buyers. Make sure that the apartment is clean and in good condition. Repairs should be completed before renting. Consider painting the apartment and making minor improvements to make it more inviting. A neutral and well-maintained look appeals to most tenants.



3. professional photos and advertisements



"High-quality photos are crucial for a successful apartment ad," says Sven Schwarzat. Use good lighting and a high-quality camera to take appealing pictures of each room. These pictures should highlight the best features of the apartment. Create a detailed and appealing description of the apartment that includes all the important information, such as the square footage, number of rooms, special features and location.



4. target group specific marketing



Define your target group and adapt your marketing strategy accordingly. Young professionals may be interested in a central location, while families may prefer nearby schools and parks. Use online platforms such as real estate portals, social media and local ads to reach your target audience directly. Word of mouth can also be effective; tell friends and acquaintances about the available apartment.



5. organize viewings



Organize viewing appointments and prepare well for them. Be punctual and friendly, and answer all questions from interested parties honestly and precisely. Make sure that the apartment is tidy and well ventilated during the viewing. A positive first impression can make all the difference.



6. tenant selection



Selecting the right tenant is crucial for a smooth letting. Check the creditworthiness and rental payment history of potential tenants. Ask for references and carry out background checks where possible. A good tenant will pay on time, look after the property and ideally stay for the long term.



7. draw up a tenancy agreement



A clear and legally sound tenancy agreement is essential. "The contract should regulate all important aspects, including the rent, deposit, payment deadlines, ancillary costs and notice periods," says Sven Schwarzat. Have the tenancy agreement checked by a specialist to ensure that it meets all legal requirements.



Conclusion



Letting an apartment effectively requires careful planning and execution. From market research to apartment preparation to tenant selection - every step is crucial to success. With these tips, you can ensure that your apartment is not only let quickly, but also brings a good return in the long term.





About the author: Sven Schwarzat is Managing Director of Schwarzat Capital GmbH, based in Lützen. With this GmbH, he holds numerous properties in his portfolio, carries out construction projects and rents out his apartments. His main focus is in and around Leipzig and Magdeburg. He is a good advisor for everyone. His expertise and experience make him a reliable advisor for real estate-specific questions, not only for Leipzig and Magdeburg.

Schwarzat Capital GmbH
Ernst-Thälmann-Straße 18
06686 Lützen
Germany

http://www.schwarzat-capital.de

Schwarzat Capital GmbH was founded in 2019 and is based in Lützen. It holds real estate in Central Germany, in particular Leipzig and Magdeburg. It was founded by Sven Schwarzat and continues to be managed by him.

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