Among the most common challenges for Gilbert property owners is finding a quality tenant. So much depends on renting your property to someone who will not only pay their rent each month and on time, but who will also take good care of the property. There are five great ways to detect and find the most ideal tenant for your rental property. If put to use collectively and properly, these methods can foster and help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
While most renters these days use the internet to watch out for and find ready rental properties, nothing can truly take the place of posting a “For Rent” sign in the yard. Simple, inexpensive, and yet effective, attaching a sign at the forefront of the rental property can help successfully draw in prospective tenants who are going after a rental home in specific neighborhoods or near certain amenities.
2. Rental Websites
In the instance that you are advertising your rental property, you have to properly list it on one or certain rental websites. Studies demonstrate very clearly that the vast majority of renters in all age groups start their rental property search online. Hands down, the more visible your property, the larger the pool of applicants.
3. Social Media
On top of rental websites, social media presence is critical to effective advertising. People indeed spend a lot of time on social media, and to interact with them, you must have all the data and information details about your available property circulating there, as well. Social media additionally has the significant advantage of being shareable, and people will, in many cases, forward posts about available properties to people they know are looking for a new home.
4. Classified Ads
Depending on your target demographic, classified ads may show to be more suitable at drawing prospective tenants to your property than other very familiar methods. There are several inexpensive options to advertise in like local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). In the final analysis, knowing where your ideal tenant goes to get information concerning rental homes can help you become more strategic when it comes to placing your advertisements for maximum visibility.
5. Word of Mouth
Advertising professionals understand very well that few modes of advertising are as effective as word of mouth. Anytime you have a property open for rent, you must be eager to tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Print up some flyers and always carry them with you at any moment you go out. If it would be possible, offer a referral fee for an added incentive. Retaining a network of personal contacts and an enthusiasm to engage with the public can be of great value in helping you find your next great tenant.
At Real Property Management East Valley, we take care of advertising and leasing rentals for you. Call us at 480-658-0869 or contact us online to discuss strategies we implement in our rental property management plans!
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