Monday, 16 May 2016

6 Ways to Find Tenants for Your Rental Property

If you want to get a vacancy at your rental filled, prospective tenants need to be able to search you! People look for rental property in a variety of places, so it is important that you advertise your property in a variety of location as well. Here are nine ways to find tenants.

1. Advertise on Rental Websites

The internet is a good way to reach the masses. Sites such as allow you to list your rental property based on place, making it easily searchable.

2. Use Social Media to Find Tenants

Millions of people use social media sites like Facebook and Twitter. If you have a company, you should create a Facebook page and a Twitter account for it. If not, you can use your personal Facebook or Twitter account to let people know you have a property for rent. You can list your property on’s market place, post a status update on your account, or send out a tweet to your followers via Twitter.
Many people look for rental properties in the newspaper. Aim to advertise on the weekend, and in particular, on Sunday because this is when newspapers see the most traffic.
You will only have a few lines to make your property stand out, so make them count. Use abbreviations for words like bedroom and washer/dryer to save space. Placing an ad in the newspaper will cost money, but it is another way to increase exposure for your property.
For their services, brokers typically charge a infrequently of about one month’s rent, sometimes more. You may want to interview two or more realtors to find the one you are most cozy listing your rental with. While this may be the most costly way to advertise your property.
If you have current tenants, let them know you have a vacancy. They may have a sister, cousin, or brother who is looking for a new place to live.
Also, tell your brother, sister, coiffeur, boss, and mechanic that you have a property for rent. Always have flyers with you so you can hand them out when needed. You can offer a referral fee to give a greater incentive.
6. Place a ‘For Rent’ Sign in the Window
While you won’t reach the masses by placing a “For Rent” sign in the window, there is no harm in doing it either. A passer by may be interested or may know someone who is looking to rent in the area. Make sure a phone number can be clearly read from street level.

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