Tips For Attracting And Keeping Quality Tenants
Going into the real estate industry can be a very lucrative business. This is, however, assuming you find and keep quality tenants. You first have to overcome the obstacle of attracting them to your property and then you have to be a good enough landlord to keep them renting your property. Fortunately, there are things you can do to make sure both of these things happen.
Clearly Establish What Your Ideal Tenant Is
The key to finding the perfect tenant is knowing exactly what you want. You should sit down and think about what kind of person you want your tenant to be. You want someone with a stable income and a good credit and rental history. It is also understandable for you to want someone without a criminal background. Do you want someone that doesn't have any pets? How about children? Write down a list of all the things you want or need from your tenant before you even start looking for one. This will make the process a lot easier for you.
Market Your Property Effectively
Once you know what kind of tenant you want, you need to think about what that tenant would want. What kind of home is that tenant looking for? It is not enough to just know what kind of tenant you want; you need to advertise the property in a way that is going to attract the perfect tenant for you.
For example, if you have decided you do not want a tenant with children you need to make it clear in your description of the home that it would not be a comfortable home for children. If you do not mind children, you need to write a description of the property that makes it warm and inviting to families and/or couples who are thinking about starting a family.
It also helps if you think about what parts of a home mean more to the type of tenant you want to rent to. A protective mother of a young child may want a secure home and a fenced in yard. An older couple may want to see all of the extra storage space for all of the trinkets they have accumulated over the years. These are just a few examples of areas of the home you would want to take pictures of to feature in any advertisement if you were planning on appealing to that type of tenant.
Finding a perfect tenant for your property is a process that is going to take time. It is important to make sure you make a positive impression on them as well. Some landlords forget the tenant is also deciding whether or not they trust you enough to be their landlord when they sign the paperwork. Once the paperwork has been completed just make sure you keep up with repairs and maintenance on the home. By doing that as well as these other steps, you should have no trouble finding and keeping the perfect tenant. Visit http://homecodec.com for more information.