3 Tips For Finding Great Tenants
Purchasing a property, painting it, planting shrubs, and adding grass may convince you that its lovely appearance will surely attract the perfect tenants. However, good tenants take time! Sadly, there are plenty of people out there who are not going to take the best care of your property, and can ultimately end up being a real hassle to work with.
If you hope to find the right tenants, it will take a lot of time and effort. However, with the right strategies in hand, you can find the perfect tenants that will hopefully last for years to come.
Screen Thoroughly
The first step is making sure that you screen your tenants thoroughly. You should do everything from conducting a credit check to a background check. You also want to make sure that you call their employers and verify that the income they claim is in fact true.
The last thing you want is someone who can’t make rent. While you’re at it, take the time to ask for references from their previous landlords and get an idea of what their reputation is. You want to keep an eye out for any red flags like late payments or evictions. The last thing you want is a conflict when all you want is a respectful tenant who takes care of your property and pays rent on time.
The more well-rounded your screening processes, the more likely you are to find a financially responsible tenant who is respectful and reliable.
Be Clear From The Start
One of the biggest causes of conflicts between landlords and tenants is the lack of clear communication. If you hope to attract great tenants, then you need to make your expectations clear from the very beginning. That means outlining the terms of the lease in crystal care language. Make sure the rent amount is clear and also the due dates.
Go over any pet policies you have and any responsibilities that your tenant will have for maintaining their property. Not only should these roles be verbally covered, but also written down in a formal lease agreement. The clearer you can set your boundaries and expectations from the beginning, the more sure you can be that your tenants know what’s expected of them.
Market In The Right Places
Not all of your ideal tenants will be lurking in the same places. Attracting the right kind of client will require you to market in places where they’re likely to be looking. Choose a well-respected real estate website, or local classifieds rather than social media or putting up posters.
Highlight all of the unique selling points, and try to appeal to your ideal kind of renter as much as possible. Marketing is your best friend when it comes to trying to attract your ideal tenant!