The months of summer see one of the most active periods for the rental market. Families seek new homes when children are on summer break, graduates of college move for work, and generally, the demand for rental homes increases. And that makes it the ideal time for landlords to ready their properties to secure high-quality tenants.
As a private lender, mortgage broker, or referral partner, knowing that your landlords and property investment clients are fully prepared for this busy rental period can be what makes all the difference in their success. Maintained properties fit for summer are more attractive to tenants, therefore increasing occupancy, and eventually, more returns on their investment.
If you deal with landlords or property investors who are dependent on rental returns, counseling them on how to optimize the curb appeal, efficiency, and marketability of their property will enable them to find tenants sooner. And that translates to more business for you in the long term.
Let's see how landlords can get their rental properties ready for the summer boom and how you, as a broker or lender, can be a go-to resource in the process.
First impressions count in any real estate deal, and rentals are no different. A tenant's initial encounter with a property usually occurs online—via listing photos, virtual tours, or drive-by viewings. If the home's exterior is not inviting, many prospective renters won't even request a tour.
For brokers and wholesale lenders, this is where your guidance becomes crucial. If you’re helping landlords secure funding for their properties, advising them on simple, cost-effective improvements can increase property value, attract better tenants, and ultimately lead to better loan performance.
Make your clients consider what distinguishes their rental from others for sale. It could be a tidy lawn, a newly painted exterior, or a trendy patio area. Upgrades are the little things that count.
One of the most significant summer draws for renters—particularly families—is outdoor space. A lot of renters seek an inviting, comfortable place to hang out, entertain, or simply play with the kids.
Landlords should consider enhancing their property’s exterior by:
Brokers and lenders can incentivize their customers to make tactical, high-return upgrades to appeal to quality renters. Unlike house flippers, landlords can benefit from long-term appeal. Some easy, yet effective, exterior updates are:
These adjustments not only serve to allow landlords to fill vacancies more quickly, they build property value, which can be significant when seeking higher loan value or refinance potential down the road.
Summer heat can be a deal-breaker for tenants if the property is not comfortable. For landlords, energy-efficient upgrades are not only a way to attract more tenants but also to command higher rent rates.
Encourage your clients to consider:
By positioning yourself as a knowledgeable broker or lender who understands the value of property improvements, you strengthen your relationship with investors and create repeat business opportunities.
After the property is summer-ready, landlords must make sure it's properly marketed to find tenants on time. As a broker or wholesale lender, you can assist them in financing marketing efforts so they can get the most out of their listing's exposure.
Key strategies to highlight include:
By grasping these tactics, brokers are able to provide more than merely financing options—more importantly, they can present themselves as the go-to advisers in the world of real estate investing.
Helping landlords prepare their properties for summer isn’t just about curb appeal—it’s about long-term investment success. A well-maintained rental means:
As a broker or wholesale lending partner, your role isn’t just about securing funding—it’s about helping investors make smart, strategic decisions that maximize their rental income.
Here at RCN Capital, we understand that private lenders, referral partners, and mortgage brokers have a vital part to play in ensuring real estate investors achieve success. That is why we provide flexible and competitive financing options custom-made to meet your clients' requirements.
Partnering with RCN Capital gets you access to:
Are you ready to help your clients maximize their rental property potential this summer? Contact RCN Capital today to discuss how we can support your real estate lending business.