One of the most common challenges for Malvern property owners is 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. You can try these five great ways to get that ideal tenant for your rental property. These methods, when used together, can help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
Even though most renters these days use the internet to search for available properties to rent, nothing can truly take the place of posting a “For Rent” sign in the yard. It is simple, inexpensive, and yet effective. A well-put-up sign can draw in prospective tenants who are looking for rental homes in specific neighborhoods or near certain amenities.
2. Rental Websites
Listing your property on various rental websites will be very helpful. You must advertise your rental property. It is common knowledge 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 available to you.
3. Social Media
In addition to rental websites, social media presence is critical to effective advertising. People spend a lot of time on social media nowadays. To connect with them, you need to have information about your available property circulating there. Because social media has the significant advantage of being shareable, people will usually 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 could be another effective method to draw prospective tenants to your property. There are a lot of inexpensive options to advertise in, such as local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). When you know where your ideal tenant goes to get information about rental homes, you can strategically place your advertisements for maximum visibility.
5. Word of Mouth
Advertising professionals always say that few modes of advertising are as effective as word of mouth. Of course, if you have a property available for rent, you should tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Prepare some flyers and give them to people you meet wherever you go. If you like, you can also offer a referral fee for an added incentive. Engaging with the public and having a network of personal contacts can work to your advantage as you find your next great tenant.
At Real Property Management Hometown, we take care of advertising and leasing rentals for you. Call us at 501-701-4702 or 501-303-6870 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.
