Anyone who rents out properties knows how important it is to make sure that you have amazing tenants. The tenants you choose will determine how often you get paid, how much work you need to do, and how comfortable you are with your property being used by someone else. But if you want great tenants, you need to put in the work that will draw them to your units instead of somewhere else!
Market Your Properties the Right Way
The first step to getting great tenants is always going to be the marketing you do. You want to have targeted marketing that is pointed at the kinds of tenants you are looking to have in your property. You should make sure that you are highlighting the benefits of your property and showing your potential tenants what you have to offer. You should also make your expectations clear, so that there isn’t any confusion between you and potential tenants. It can also help to reach out to friends and family members or even existing tenants for referrals.
Screen Tenants
Once you have done your marketing, you will start to hear from potential tenants. It can be tempting to go with the first tenant you find, but this isn’t always the best way to go about things. Instead you want to screen all potential tenants carefully so you can understand whether they will be a good fit for your property. Screening filters problem tenants, such as those that are slow to pay on rent. You can screen by having an application, interviewing tenants, and asking them for references.
Stay on Top of Maintenance
Renting out a property is a two-way street. And if you want tenants who are responsible and prompt with their end of the deal, you have to hold up your side of the bargain. That means taking the time to respond to maintenance requests and keep your properties looking and working great. If you can’t make that happen, you are going to face repercussions when you start looking for your next set of tenants.
As you start looking for tenants, make sure you get the search off to the right start. Putting together compelling marketing for a great listing will help to attract the right people. A good screening process will ensure that the tenants you choose are the best of the best!
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