Investing in Rental Property Staging

The past few months, I've been spending time re-vamping a rental house that I own. This is a cute little cottage that I purchased almost 30 years ago. I was single, had a Realtor Dad and Builder Mom and not only did they encourage me to purchase the house they also persuaded me to remodel it and boy did it need it. The walls were bright yellow, the floors covered in nasty carpet, the bathroom was 4/8 and the kitchen was sad. All of these things were updated and it was very comfortable place to live.

Since I've married, it has been investment property for me and I now find myself remodeling it again. I have become my own staging client and as my own client I need to follow the rules of staging in order to attract the best tenant.

Repaint interior walls to a neutral color.

Replace floor covering and light fixtures in bathroom.

Refinish hardwood floors.

Replace floor HVAC vents.

Clean existing ceiling and light fixtures.

Clean windows and replace blinds.

Pressure wash exterior and remove mildew.

Paint exterior trim.

Add furnishings and accessories for showings.

As a stager and former real estate agent, I believe that in order to attract a good tenant, I need to show a prospective tenant that I take pride in my investment properties and that I expect that same commitment from them. I want them to understand that I'm allowing them to move into my "portfolio" for a monthly fee and that I want them to show some pride in their surroundings and take care of my "retirement fund". So far, it's been a good marketing approach.

With the exception of painting the exterior trim, my check list is completed. The exterior painting will have to wait until the rain stops so that the trim can dry, and for the painter to get caught up on all of their other jobs that the rain has prevented them from completing.

If you have investment property, you may consider staging to rent. If you want to give it a try, call me. I'd love to help!

P.S. I'll post before and after photos next....so come back soon!