One of the most common challenges for North Charleston 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. Methods like these will 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. A well-placed sign at the front of the rental property can help draw in prospective tenants who are searching for a rental home in specific neighborhoods or near certain amenities. It is simple, inexpensive, and yet effective.
2. Rental Websites
Listing your property on various rental websites will be very helpful. You must advertise 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
Aside from 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. Most people will often forward posts about available properties to people they know are looking for a new home. This is because social media also has the significant advantage of being shareable.
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). At the end of the day, knowing where your ideal tenant goes to get information about rental properties lets you make strategic decisions about placing 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. Once 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. 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 good way to encourage others to spread the word. A network of personal contacts and consistent engagement with the public can be the key to finding your next great tenant.
At Real Property Management Charleston, we take care of advertising and leasing rentals for you. Call us at 843-900-4061 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.