Being a landlord is hard work on a daily basis and it isn’t always easy to stay up to date with updates and new advancements in the industry. Plus, it gets even harder when you need to find new tenants for your properties! Don’t let the stress of finding new tenants take away from your dedication to finding someone right for your space. We have a few ideas for you to be able to find the best tenants for you!
1. Offer current tenants perks to help you
By giving your current tenants a discount on rent if their suggestions lead to a future tenant, they will feel motivated to find you someone good to fill your space. Make sure they know though that they won’t receive any sort of bonus unless their reference makes it through the checks and moves in. This will ensure that you aren’t just getting anyone, and that they are giving you the highest quality references they know of.
2. Clear your conscience with a background check
SmartMove will do an eviction background check for you, that way you can make sure you are getting someone reliable, and worthy to be brought into your spaces. They are able to do all the vetting for you. That way you aren’t choosing someone who will be late on rent, has a criminal background, or has many eviction notices. They will ensure that you have all the proper info to be able to make the best choice possible.
3. Trust your gut
You know your places better than anyone, so be sure to trust your gut when it comes to picking someone to fill your space. If you don’t get a good feeling from them upon arrival, trust that. Allow yourself to understand why you feel the way you do and go with it. We know this sounds silly, but you will know if the person is a right fit for your space better than anyone else, trust that.
4. Post flyers in specific places
Posting flyers is a great way to draw in new tenants for your spaces. Think about the type of people you want for your spot and reflect on where you think they may be spending their time. It is also good to know where you don’t want your flyers to be posted, just in case the normal visitors of that place aren’t up the standard of what you want in a tenant. If you want people without pets, don’t post flyers at dog parks. If you want a single person or a couple, not a family, don’t post near schools or community centers. You are in full control of where you post, so make it worth your while.
5. Post listings on Social Media sites
Posting on Social Media in addition to rental listing sites, like HotPads, will help to reach audiences you maybe wouldn’t be able to in person. This also allows you to see what their online presence looks like before you run their info for a check. Though they could carefully curate what they put on the internet, it will at least give you an idea of who they are and what they stand for, and some of their likes and interests.
6. Be open
Though we want you to pick the best people for your properties, we also want you to go into this with an open mind. Going into big decisions with an open mind is the best way to go about them, because we don’t want you going in with preconceived notions about someone as they may surprise you! You may find someone who ends up being perfect for your space, but you originally would have turned down. Like #3 said, still trust your gut, but try your best to go in open minded!
We hope that you end up finding ideal tenants for your rental properties! If you trust yourself, the process, and do your best, you are sure to find someone perfect for your space!