Among the most important yet most common challenges for Rexburg, property owners are 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 find the most ideal tenant for your rental property. Once used properly and together, these methods can help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
Though most renters these days use the internet to look for conveniently available rental properties, nothing can truly take the place of posting a “For Rent” sign in the yard. Simple, inexpensive, and yet effective, displaying a sign in front of the rental property can easily draw in prospective tenants who are looking out for a rental home in specific neighborhoods or near certain amenities.
2. Rental Websites
If, as it happens, you are advertising your rental property, you may need to post it on one or various rental websites. Studies exhibit that the vast majority of renters in all age groups start their rental property search online. The more visible your property, the larger pool of applicants.
3. Social Media
Aside from rental websites, social media presence is critical to effective advertising. People spend a lot of time on social media, and to get their attention, you must have every necessary information relating to your available property circulating there, also. Social media, moreover, has the significant advantage of being shareable, and people will generally 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 reveal to be more effective at drawing prospective tenants to your property than other known approaches. There are quite a lot of inexpensive options to advertise in local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). Finally, knowing where your ideal tenant goes to get information as regards to rental homes can help you to be so much more strategic in connection with placing your advertisements for maximum visibility.
5. Word of Mouth
Advertising professionals recognize that few modes of advertising are as effective as word of mouth. When you do have a property open for rent, you have to be earnest in telling people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Print up some flyers and consistently bring them with you once you go out. If at all possible, offer a referral fee for an added incentive. Keeping and nurturing a network of personal contacts as well as an eagerness to engage with the public can make a big difference in successfully getting your next great tenant.
At Real Property Management Southeast Idaho, we take care of advertising and leasing rentals for you. Call us at 208-522-2400 or contact us online to discuss strategies we implement in our rental property management plans!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.