When you’re renting out a property, it can be hard to find someone reliable to rent your home. The last thing you want is to rent your property out to somebody who trashes it or never makes their rent payments on time. If you want to find a good renter for your home, here are 7 things you can try.
Hire a property manager
Whether you’re running a business or renting a property, outsourcing to a professional is never a bad idea. Property managers take care of all the little stuff that you’d normally do as a landlord, which makes them an excellent solution if you want to absolve yourself of some responsibilities. They could also manage rental properties while you are out of the country or on vacation. Even better, you can use a property management company to rent your property out even if you don’t live in that state.
Host an open house
If you want to advertise a rental property to potential renters, hosting an open house is a good start. Open houses are great because they give you an opportunity to showcase your property and what makes it attractive to renters. You can put up an open house sign and offer food and drink for your guests to enjoy, and you get a chance to meet the people to who you may be renting your home.
Post your property online
One of the best ways to make your rental property more visible in the modern era is to post your property online. There are tons of websites where you can post rental listings, and you can even use sponsored listings to put your property at the top of the list. For instance, if you are looking for Singapore homes for rent to compare listings, research international rental listing agencies or international real estate agencies.
Posting your property online makes it easy to find renters quick, so you have more time to enjoy your next resort vacation.
Vet renters before you rent
The last thing you want is to rent to somebody who trashes your rental property or doesn’t pay their rent on time. Fortunately, that’s pretty easy to avoid if you run a credit check on tenants before you approve their application. You can find out more info about the best credit check for landlords online and what you should do to vet renters before they move in.
Ask the right pre-screening questions
You want renters who fit certain criteria, so make sure you’re asking potential renters about those criteria during the pre-screening process. Asking the right questions can save you a ton of time and money that you would have wasted by renting to the wrong people. If you’re not sure what pre-screening questions you should ask, your property manager can help you.
Make the application easy
Nobody wants to spend hours filling out a complicated application just to be considered for a rental property. If you really want to cast a wide net and attract a lot of great renters, make your rental application easy to fill out. When you have more applicants, there’s a good chance you’ll have more good renters applying. If you can create an online rental application, that makes things even easier.
Require a 12-month lease
Tenants not staying at a property can cause a huge headache for landlords, but you can make sure your tenant will send you a rent check for at least 12 months with a lease. By requiring a 12-month lease to rent your property, you can weed out renters who only want to stay for a month or two or don’t plan on paying their rent.
Being a landlord isn’t easy, but there are a lot of tools and resources that can help take the hassle out of your job. If you want to find good renters for your property, these tips are the best way to go.