One of the most common challenges for Beacon Hill 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. Here are five great ways to get that ideal tenant for your property. As a whole, these methods may help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
Nothing can truly take the place of posting a “For Rent” sign in the yard even when most renters these days use the internet to scout for rental properties. 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 pool of applicants available to you.
3. Social Media
Together with rental websites, social media presence is critical to effective advertising. Nowadays, people spend a lot of time on social media. You need to have information about your available property circulating there, too. Due to its significant advantage of being shareable, social media allows people to forward posts about available properties to people they know who 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 numerous inexpensive options to advertise in, such as local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). You can strategically place your advertisements for maximum visibility once you know where your ideal tenant goes to get information about rental homes and properties.
5. Word of Mouth
Advertising professionals will always tell you that a few modes of advertising are as effective as word of mouth. Whenever you have an available rental property, you should tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. You can also print some flyers and hand them out to people you meet. Offering a referral fee for an added incentive is also a great way to get the word out. Having a network of personal contacts will help you find your next great tenant especially when you also engage with the public in a significant way.
At Real Property Management Commonwealth, we take care of advertising and leasing rentals for you. Call us at 617-299-2342 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.
