Landlords need tenants and tenants need landlords, but sometimes finding one another can be a challenge. Fortunately, when landlords have vacancies to fill, they have several good ways to find prospective tenants for their properties.
The internet provides a goldmine of opportunities and one can not underestimate the importance of word-of-mouth recommendations.
Rentals Websites
There are numerous online sites where you can advertise an apartment for rent and many of them are free. Some websites allow tenants to restrict their searches based on location, price, and number of bedrooms and bathrooms. Others offer landlords some nice perks.
Some perfect ways to report a work vacancy include:
Rental Manager lets you post a free ad when you have an account. The ad will also automatically popup to other rental sites like Hotpads and Trulia.
With a free account on Craigslist, landlords can post apartments for rent in a particular area of the country. Apartment images can also be included.
Cozy is a resource for landlords offering many free features including a listing of apartments. The listing will then fill into sites like Realtor.com and Doorsteps.
If you are interested in accepting government-subsidized housing, such as Section 8, Socialserve.com can help you get to the proper market.
Avail offers a variety of resources to help you get your rental listings out there, and it's safe. Once you locate tenants you can also use the site to receive rent and sign leases.
Consider also designing your own web site, particularly if you own more than one house. If you're not tech-savvy, hire a pro. The expense needn't be prohibitive. Compared to other approaches, maintaining a website may provide credibility and a strong advertising choice.
Online media: Social network
Millions of people make regular routine use of social media sites. If you have one, build a Facebook profile, an Instagram account, and your company's Twitter account. Also, consider advertising your rental property on Rent Street. Otherwise, use your personal accounts to let people know that you own a rental property.
On Facebook Marketplace, you can list your property, post a status update on your account, post a rental photo on Instagram or send a tweet to your followers via Twitter.
The Journal
Depending on the area of the country your property is located, the newspaper can still be a viable choice for advertising your rent.
On weekends, and particularly on Sundays, you'll want to advertise your vacancy. This is when the most traffic is seen in the newspapers.
Newspaper rental ads are small and you'll have just a few lines to make your property stand out. To save space, using abbreviations for such terms as bedroom (BR) and washer / dryer (W / D).
Placing a newspaper ad can cost a little bit but it's a good way to increase your property's publicity.
Boards of Local Bulletins
In the neighbourhood where your property is located put up flyers for your rental. This may include schools, grocery stores, meeting sites, community centres, laundromats, and bus stops.
Customers would easily click through the flyer so use a bold headline and big colour images to get their attention. Attach tear-offs on the bottom of the flyer with your contact information so that people can catch them on race.
These tear-offs may also include the address of the property and a little extra detail, such as the number of bedrooms.
Face Term
Don't underestimate the spoken word 's power. Let current tenants think you're on a vacancy. They may have a friend, a aunt or a brother who wants a place to live.
Tell everyone you know you have a rented house. Do have flyers with you and if the chance presents itself you can give them out. You may also pay a referral fee to give the opportunity to be greater.
Post a sign "for sale" at the property
In their current area several tenants move to a new home. Posting a "for rent" sign may attract this sort of renter, and those who walk by may be interested or may be aware of someone trying to rent out in the area.
Verify that your phone number can be read clearly from the street.
Brokers usually bill their services for a fee of around a month's rent, and occasionally more, and this may be the last resort. It may be the most expensive way to advertise but look at the bright side of your property. It will save you a lot of the trouble and problems that come with dealing yourself with prospective tenants.
When you are using a realtor, your property can be classified on the Multiple Listing Service ( MLS) which increases visibility.
Respond to prospective Tenants promptly
Respond to immediate prospective tenants. If you don't want to give out your personal number, you can set up a free Google Voice account that will allocate you a phone number that can be programmed to ring to your current phone line.
You can also use services like Kall8.com, like voicemail, to set up a toll-free number for a small monthly charge. Similar e-mail options exist.
Always look at prospective tenants
You will screen each tenant who shows interest in renting your property but make sure that all tenants have the same qualification requirements. Get to learn the Equal Housing Act so you won't be accused of discrimination.