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In 2024, while over 64% of tenants are planning to buy homes, 36% still prefer renting due to its ease and flexibility. Renting offers the freedom to move without long-term commitments, making it a popular choice for many.
If you’re a property owner looking to tap into this market, listing your property on OLX can help you find tenants quickly.
OLX is an online platform that helps individuals advertise their houses or rooms for rent without much trouble. With just a few easy steps, you can create a professional listing that stands out. In this article, we will describe how to rent out and how to list property on OLX step by step.
OLX is a widely known online market where people can purchase, sell, or rent a variety of things, such as real estate, automobiles, electronic devices and others.
It works by allowing users to create free or paid listings with descriptions and images of the products or services they want to offer. Buyers or renters can browse these listings, contact sellers directly through the platform, and negotiate deals.
OLX is user-friendly, with a simple posting process and easy-to-navigate categories, making it a convenient platform for connecting sellers with interested buyers or renters.
Now, let us discuss how to list property on OLX.
Here is the OLX property rental guide:
In order to register with OLX, all you have to do is go to the OLX website or install the OLX app on your mobile device.
When you’re on the platform, navigate the “Sign Up” button. You can register using your email address, phone number, or even by connecting your account to social media platforms like Google or Facebook.
After providing the necessary information, you will have to follow up on the confirmation email or text message to activate the account.
Once completed, you’re one step closer to start listing your property.
Also Read: How to rent a house in India: Tips for finding your budget-friendly home
In the second and one of the most important steps to rent a house on OLX. On OLX, after logging in, look for the main menu and find the “Property” category.
This is where all property-related ads are posted, making it easier for potential renters to find what they are looking for.
Make sure to select the correct subcategory, like residential or commercial, depending on your property type. This helps make sure your listing gets seen by the right audience.
Also Read: Understanding Rental Agreements in India: Key Insights
When entering property details, you need to provide essential information that helps potential buyers understand what you are offering. This includes the following details:
You should also include details like the total floors, floor number, car parking, property facing (North, east, south, etc). You should also add a few details in the description like your conditions of renting, property features, etc.
The more accurate and detailed your description is, the easier it will be for interested people to find your listing and consider it.Also Read: Top 10 Essential Tips for Renting Houses or Apartments in 2024
Uploading images is a very crucial step in listing your property on OLX. Clear and well-lit photos help potential renters get a good first impression of your property.
Make sure to capture key areas like the living room, kitchen, bedrooms, and exterior. Take photos from different angles and positions to give the buyer a clear idea of what they are getting. For instance, if you’re listing a 2-bedroom apartment, take photos of both bedrooms, the balcony, and any special features like a modern kitchen or spacious parking area.
Good-quality images can make your listing more attractive and increase inquiries from interested tenants. You can upload up to 20 high quality images.
Also Read: Top 10 Affordable Housing Projects in India for 2024
Setting a price comes prior to uploading photos, but we suggest mentioning it at the end so that you can take the time to figure out what a fair rental price should be.
If you’re renting out your property for the first time, it’s important to determine the fair rent. You could ask neighbors who have renters to get an idea of the current rates in your area.
Also, keep in mind that other people in your area may have already posted ads on OLX, so it’s important to ensure your rental price is competitive and appealing to attract potential tenants.
Once you’ve completed all the necessary steps, take a moment to review your property listing thoroughly. Check for any errors or missing details, such as photos or descriptions, location of the property that could affect its visibility or appeal to potential renters.
Make sure the information is accurate and clearly presented, as this increases the chances of getting inquiries.
Once you’re satisfied with the listing, submit it to make your property visible to thousands of potential renters browsing OLX.
Generally, you can post up to 3 free ads in the property category within 30 days. So, if you want to post more ads, you can take premium plans.
Now, once you have posted an ad, you are anticipating renters. Right? So, let’s discuss how to get more audience.
To make the most of your listing on OLX, you can use the platform’s paid advertising options. These ads help your listing get noticed quickly and effectively.
Here are the main types of OLX paid ads:
You can also increase the number of ads you can post. Just go to “My Ads” in the OLX app, select the ad you want to promote, and click on “Sell Faster.” Here, you’ll find various packages to choose from. OLX accepts all major payment methods in India, including credit and debit cards, net banking, and UPI.
Keep in mind that ad packages may vary based on your item’s category and location. Offers available in one place might not be the same in another. Once you boost an ad, you can’t change its content or location.
An ad posted on OLX can take a few minutes to go live, or it may be rejected or pending quality review. Here are some reasons why an ad might not go live:
You can check if your ad is live by going to My Ads from the homepage and looking for the ad you posted. If the ad is active, it’s live.
Listing your property on OLX can lead to quick and effective rental opportunities. Following this OLX property rental guide, you can attract potential tenants with ease. Remember to include detailed descriptions, high-quality photos, and competitive pricing to make your listing appealing.
After publishing your ad, stay responsive to inquiries to ensure a smooth rental process. With these simple steps, you’ll be well on your way to finding the right tenant and making the most of your property rental experience.