Being a rental property owner is hard work. Not only are you responsible for keeping the building in good shape, but you're also responsible for finding tenants to live there. Many landlords miss out on good tenants because they make fundamental mistakes when listing the property.
So how exactly do you list a property without putting people off? This article explains how to get tenants the right way.
1. Create a Good Rental Listing
When creating a listing for your property, you should take the time to get it right. One of the biggest reasons that a potential tenant will pass over your property is because of problems with the rental listing.
If the rental listing isn't sufficiently detailed, applicants may suspect that your listing isn't legitimate. Of course, writing good copy doesn't come naturally to everyone. If writing isn't your thing, you might consider working with a rental agency.
2. Have an Appropriate Price
Another aspect of a listing that is sure to put off potential applicants is the price. If the price for the property is much higher than the price of other properties in the area, you'll struggle to find applicants.
Before settling on a price, you should research how much the average rent is in the area. You should then set the price accordingly. Of course, the price is also relative to the quality of the property. For example, if you're offering a nicely furnished apartment, you might be able to charge higher than the average.
3. Respond Quickly to Inquiries
Most applicants are looking to move into a new property as quickly as possible. This means they'll favor landlords who respond quickly to inquiries.
Slow response speed also suggests that a landlord might not be reliable. No one wants to be stuck without hot water or electricity with a landlord who is slow to respond.
When you respond promptly to inquiries, you give people the confidence that you're a dependable landlord.
4. Sell Yourself as a Good Landlord
When advertising a property, you're not only promoting the property. You're also promoting yourself. It's not uncommon for tenants to have bad experiences with a landlord. This means that many tenants are looking for signs that a new landlord will be problematic.
You can alleviate these fears by presenting yourself as a reasonable, dependable person right from the start. Make sure you reply to emails quickly and make sure you always show up on time and make a good impression during viewings.
5. Stage the Property
One thing that landlords often overlook when doing tenant searches is properly staging the property. Staging a property shows the place in the best possible condition. Before taking any images of a property for an advert, you should take the time to properly stage the furniture.
If you really want to make an impression, you might even consider working with a professional company to do the staging.
Follow This Advice, and You'll Have No Problems Finding Tenants
If you follow the advice listed here, you should have no problem finding good tenants to rent to. Of course, finding tenants can be difficult work. Sometimes it makes sense to work with a rental agency.
Contact us today, and we can take all the necessary steps to find the right people for your property.