When a property management company is looking to rent out a home for their clients, they spend a lot of time seeking out qualified tenants. Qualified tenants are more likely to pay their rent on time and less likely to trash the house. Late or non-paid rent and damage to the property can cost a homeowner a lot of money. However, attracting qualified tenants is not always easy. Here are a few of the ways that property management companies can go about attracting qualified tenants to their rental homes.
Making the Home Attractive to Qualified Renters
A tenant with a stable income, good rental history and high credit score will not have a problem finding a rental to call home. As such, they can be picky about what they are looking for. If the rental property is in poor condition or looks unkempt, they may pass it by in favor of a better cared for home or one with upgrades and curb appeal. A property management company will help make your home attractive to qualified buyers who are looking for rentals in the price range your home falls into.
Pricing it Properly
There can be competition among landlords and property management companies to seek qualified renters. Many apartment complexes offer incentives to qualified renters including low move-in deposits or a discount for paying their rent on time. Those who are renting homes can also do the same. Pricing your home properly and then offering financial incentives to qualified renters can help you get a good tenant in your home.
Marketing the Rental Property
The last way property management companies can attract qualified tenants is by marketing the rental property to the targeted tenants. If your home is located near a hospital, and you are looking to target a hospital employee, placing flyers in the hospital cafeteria is a great way to attract these professionals. Getting creative with marketing helps attract the type of tenant you would like to see in your home.
Are you looking to rent out your home? Are you struggling to find qualified tenants? If so, give Gassen a call. We are a property management company in Eden Prairie, MN who would love to help you find the right tenant for your rental property. Give us a call today and let us help you rent out your home.