In order to find good tenants, one has to promote his/her rentals effectively. Basically, there are three ways through which you can find prospective tenants: first is to hire a real estate agent, second is to hire a property management firm and the third is to find them yourself.
As a landlord, all you have to do is market your property, answer queries by phone and email, show the property, and allow the renters to make their decision. Just make sure to provide them the desired service and showcase your property in the best possible way.
Below are some tips on finding good renters:
1) Put ‘for rent’ signs in front of your property: The first thing that every landlord should do is to put a ‘for rent’ sign in front of your property. This is still an effective way to find good tenants, especially if the prospects are shopping for housing in a specific area or region.
Make sure to place the signs from where it is clearly visible. Often it is recommended to study restrictions on sign placements because at times some of those placements are governed by local or community ordinance. Therefore it is important to research everything before placing a sign.
2) Consider advertising on rental websites: These days many modern renters consider using rental websites. Due to the development of smartphones and tablets searching a property available on rent has become an easier process.
Thus the landlords are advised to list their rental property on websites like Trulia, Rentals.com, Apartments.com, Zillow, and Hotpads, etc. This way, the reach of your property will increase and your chances of getting a good, qualified tenant for your property will also rise.
3) Utilize print media: Another way of finding good renters is to utilize print media like local newspapers, local free-press publications, and community newsletters as a source to publicize and advertise your property on rent.
Usually, older and traditional generations still rely on print as compared to online sources. Therefore print media publications are an effective medium to educate and inform people about your property available on rent.
4) Personal contacts: Networking is very important for finding a considerate tenant and social media has made it possible to reach a large number of people in a short amount of time. A quick post on Facebook, Twitter, or Instagram can reach hundreds of people in no time.
Especially Facebook group is a popular platform where locals advertise items for sale and if you have a property for rent, you must consider joining one of those groups and post your available listings there.
5) Make use of property management software to find renters: Property management software combine most of the above mentioned steps into one easy to use platform. These software companies provide the landlords with tools to put their rental listings across the web and allows them to screen out qualified renters. The moment you place your rental property listing into these software, they get distributed to top rental listing sites.