Property to Rent - Luxury Property to Rent - Rental Property in SA

Property to Rent

Read this before you rent out your luxury property

Click here to view our selection of properties for rent

 

Many luxury property owners choose to rent out their properties in order to earn an additional income out of their investment. On the surface, this might seem like a great idea and an easy way to secure an income stream. However, if not properly managed, it could easily become more hassle than it is worth. That said, a logical and informed approach will make sure that you can avoid potential pitfalls and secure the perfect tenants.

 

Looking for the secret to success? Start with these eight tips if you want to rent out your luxury property:

 

1. Make sure your property is priced right for the market

 

It can be very tempting to ask a premium rate for your space. Many owners tend to overestimate the value of their properties or try to squeeze as much income out of them as possible. Make sure your monthly asking price matches the market. Look at other similar properties to rent in your area to gauge the price range, and be sure to emphasise the reasons why yours is priced higher, if this is the case.

 

2. Consider doing some renovations

 

Rental properties should be treated as long-term investments. To attract interest and maximise the returns you can get, it is essential to make a great first impression. People who pay premium rates for renting luxury properties expect to get value for their money. A coat of paint or a new kitchen can go a long way to make your space more attractive to tenants.

 

3. Show off the best features of your property

 

With prospective tenants spoilt for choice regarding their options of properties, it is often not only the location of the home or the layout of the space that seals the deal, but the feeling the place gives them. Instead of trying to appeal to a generic base, highlight the features that make your place unique and memorable.

 

4. Make sure the security features are sufficient

 

Security is a vital feature of any home in South Africa. This is especially true of properties at the luxury end of the market. Those who pay a premium fee to rent a property also want the peace of mind that their family and belongings are safe while living there. Consider upgrading your security features to add value to your home.

 

5. Furnished vs. unfurnished – read your market

 

Do you rent out your property fully furnished, or as a blank canvas for the tenant to furnish? This completely depends on the rental market you are targeting. Furnished properties are typically the better option for short-term rentals, vacation rentals, and inner-city businessperson pads. Long-term family oriented properties tend to do better when unfurnished.

 

6. Be connected

 

In a short span of time, the modern work environment has changed completely. More and more people work remotely at least some of the time, necessitating the availability of fast and reliable Internet connections. If possible, make sure your space has a fibre connection, or access to a similarly good Internet connection.

 

7. Assess tenants carefully

 

Credit, income, and tenant record checks are always important. Always make sure your interests are looked after by vetting tenants carefully and making sure a solid contract is in place.

 

8. Make use of an experienced agent

 

To avoid the potential pitfalls associated with terrible tenants, and to access the right market for your property, make use of a professional and experienced agent, such as Fine & Country South Africa. We are the trusted agent for those wanting to buy, sell, or rent property in the South African market.

 

DISCOVER MORE ABOUT FINE & COUNTRY

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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Fine & Country Foreign Exchange


We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »