5 Tips for Finding Tenants for Your Rental

By chrisrath • August 9th, 2011

Now that you and your rental property manager have your property prepared for new occupants, you’ll need to start looking around for potential tenants. While your property manager is generally responsible for placing ads and running credit checks, you may choose to do this on your own. Either way, here are some things you can do to make sure you find a tenant within a reasonable amount of time.

Work on Curb Appeal

Ever hear the saying, “don’t judge a book by it’s cover?” It’s often said but rarely adhered to. The first impression your prospective tenants will get when they pull up is the one they will make when they see your home’s exterior. Clean up the yard, mow the grass, wash your windows, and make sure the outside looks presentable.

Clean Your House

It doesn’t matter if you are still living in the home or not. It needs to be spotless in order for your visitors to envision themselves in it. Dust the nooks and crannies as often as possible. If you can’t, hire a cleaning service to help you out for a few weeks. The cleaner your home, the better your odds of finding a renter.

Place Internet Advertisements

Don’t depend on the local paper to generate leads for your rental. Place advertisements on internet sites like Craigslist, RentVine, and others. Thousands of people use the internet to search for rentals and they’re more likely to look online than they are to buy a paper.

Rent to Own is an Option

Are you unsure about whether you want to rent your home or sell it? Renting with a rent to own option is a great way to get tenants who may not be able to come up with a deposit. Part of their monthly rents will go towards a home deposit and after a certain period of time they can purchase the home. This is something you’ll need a lawyer to set up, but it is a great way to entice renters who really wish they could buy.

Answer the Phone

For goodness sake, answer the phone when it rings. People who are interested in rentals aren’t necessarily interested in playing phone-tag and they’re likely to move down the list to the next rental if you don’t answer. If you can’t answer, make sure you return the calls you receive. The more people you talk to, the more likely one will turn into a renter.

Finding a tenant is difficult work. Put some time and energy into making sure your property looks great while brushing up on your communication skills will make your life a lot easier. Not up to the task? Hire a rental property manager and let him do the work for you!

About the author

chrisrath I enjoy helping people find that right home whenever faced with a relocation situation due to their job or even a major life event. Since I have access to a large inventory of homes for sale and also manage many properties in the northern Delaware region, it is easy for us to help anyone make a smooth transition into this area. I am a licensed Real Estate Agent and also manage my own company Rath Management where we locate, screen, secure, counsel, and communicate with the tenant and the investor throughout the entire leasing process to keep homes filled. Our company also manages maintenance issues, collects and forwards rent monies, and even helps with the dreaded eviction process in the event a tenant does not keep up with the terms. Chris Rath

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