One of the most common challenges for Smithfield 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. These five great ways of finding a tenant can help you get the most suitable one for your property. Methods like these will help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
Even if most renters these days use the internet to locate properties for rent, nothing can truly take the place of posting a “For Rent” sign in the yard. A simple, inexpensive, and yet effective method, putting up a sign in front of the property can help draw in prospective tenants who are looking for a rental home in specific neighborhoods or near certain amenities.
2. Rental Websites
List your property on different rental websites if you are advertising your rental property. The vast majority of renters in all age groups start their rental property search online. The more visible your property, the larger the pool of applicants.
3. Social Media
Social media presence is critical to effective advertising as well. Nowadays, people spend a lot of time on social media. You need to have information about your available property circulating there, too. Having the significant advantage of being shareable, social media lets people forward posts about available properties to people they know are looking for a new home.
4. Classified Ads
Classified ads are another option and could be an effective strategy at drawing prospective tenants to your property, depending on your target demographic. 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). Strategic placing of your advertisements for maximum visibility becomes easier if you know where your ideal tenant goes to get information about rental properties.
5. Word of Mouth
Few modes of advertising are as effective as word of mouth. That’s what advertising many professionals always say. 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. Give away some flyers whenever you go out. You can also offer a referral fee for an added incentive. When you have a network of personal contacts and you are willing to engage with the public, you may just soon find your next great tenant.
At Real Property Management Cache Valley, we take care of advertising and leasing rentals for you. Call us at 435-753-5200 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.