 | | | | |
| | | | | | | |
| | Excerpt from: Phoenix Multifamily Investments
| | | May 05, 2008 | | How to find a tenant for your Phoenix income property. | You can sometimes get a house rented by only sticking in the ground a
"for rent" sign but just as with selling a home its worth going the
extra effort to expose your home to as many prospective tenants as
possible. Below are several things you can do to increase the
possibility of renting a house, doing it sooner and possibly for more.
Here is a simple quick overview of what to consider when leasing your
property.
1. Start by having a clean and prepared property.
There
is nothing worse to turn off good tenants then a property which is not
clean and I mean really clean, clean enough that you would be happy
living there. Even if you are prepping a property its probably worth
it to finish it and clean it up before you show it. As imaginative as
people are its just hard to imagine a dirty property clean. Just
spend the money and time, you'll often get better tenants and better
rents. Plus it will be much easier to take photos for additional
exposure.
2. Have a "For Rent" sign.
This is almost
free advertising. It exposes a property to people seeking rentals in a
particular neighborhoods who may be driving around and to others in the
area who may know someone who would like to rent there. Take it a step
further and have a dedicated property website. You can get them for
for a minimal cost online. A good example may be www.22032n74th.com.
This was a bit more expensive but you can get a more scaled down version for
much less. Then have a rider made for about $30.00 which will hang on
the sign. The same site you created can be used for additional
exposure online.
3. Expose online.
Not
yourself but the property. The dedicated website you created can be
used as a catalyst for additional exposure. Its an easy and quick way
to have lot of photos, a floor plan, and full details. The website
address can be placed in places like Craigslist.com.
Photos rent properties. The more the better. I have up to 80 photos,
but usually 10-20 is fine, as long as it shows the house well.
Remember that many of your prospective tenants may be out of state and
they will be searching online before they come here.
4. Consider paid placement and other types of advertising.
You
can seek additional exposure though paid placement in some online
rental sites, in the newspapers or local editions. your return for
such advertising will vary depending on the exposure and the property
being rented. It may or may not be worth it.
Sometimes a church or other organizations and local businesses may be in need of rentals. the more people know the better.
5. Consider placing your property for rent with an agent.
If
you hire a Realtor to rent your property most of all those things will
be done for you plus much more exposure then you may put together.
Plus many Realtors have economies of scale for advertising. This means
that they can expose your home in more paces for less money. Also
consider your time to arrange meeting and show properties. This can be
taken car of for you. Just a with selling, pick an agent that is
active and can show you what will be done. There are fees involved but
considering time and the hassle its usually worth if to hire an agent
for leasing out a home or condo, but not an apartment.
6. Write an enticing ad.
Write carefully and be succinct. Make it easy for prospective tenants to reach you and get they information they need.
Having
a clean well prepared property and not skimping on advertising will
help you rent it out quicker and for more. Be open to negotiation. It
may be worth it to lease a property for a little less and have a better
tenant and leased our sooner. | |
| |
|
|
| | |
|
|
Email to a Friend
