Until you give your house for rent and the tenants start to live there, it is almost impossible to know how they will treat your property. Searching good tenants is not an easy task. You are handing over your property to some unknown person. So, you have every right to go through a proper screening. Besides, renting is a legally binding process. A renter’s unlawful behavior, like damaging your property, non-payment or late payment, gives you enough headaches. Therefore, to avoid any kind of hassles, searching good tenants is very necessary.
Tips to Find Good Tenants
First, decide what type of tenant you want- commercial or residential. You must not haste to find a favourable tenant. If you give enough time on searching, high-end tenants can be found easily. What are the effective methods to find a good tenant?
Advertise Well –
Only classifieds are not enough, because those only consist of the description but not the appearance. For example, in a classified, you can tell you have 2 bedrooms. But, possible tenants can’t visualize the condition of those rooms. So, take some photos of your apartment and use those while giving advertisements.
Create a Web Page –
Creating a web page is a good option to find the right tenant. Here, you can have unlimited space to describe your property with enough photos. If you have modified anything at your apartment, mention those. Also, you don’t have to pay bigger for buying a domain name for the property ($10 per year).
Write an Attractive Copy –
Remember, you want tenants who have stable incomes. Such high-end tenants are educationally sound too. For that reason, you have to write an attractive as well as smart copy that will appeal to their intellect. No high-end tenants would like a copy with grammatical and typo error. So, you can write it yourself or hire a freelance writer to do it for you. You just need to pay $50-100 for the purpose and can use it for future advertisements.
Expand Your Search-
Don’t limit your search while looking for good tenants for houses on rent. If you post your advertisement at various sites, you have more chances to get high-quality tenants.
Show Your Property at Good Condition-
You have competitors in market. How can you stand out? To attract high-income renters you must show an eye-catching apartment to them. Go through a renovation after your present renters move out. No tenants will like a stained floor or kid’s painting on walls.
Screen the Tenant-
This is the most important thing you need to do before handing over your property to your tenants. As soon as the possible tenants chose your houses for rent, you start the background check. What are the issues you need to verify?
- Credit reports
- Employment Proofs
- Income Level
- References from Past Landlords
- Criminal History
Keep the Rent Little below of the Market Rate-
Tenants always look for a good property at less cost. You should do a thorough market research before giving your house on rent. But, keep the rate slightly below. It will attract more tenants.