You find yourself with a property to rent. There are those who move to a new house, and they choose to rent out their last home. Or maybe you've purchased a condo, or completed a basement suite in your home, solely for the purpose of getting that extra rental income. How do you find a tenant?
It's a good idea to spend some time crafting your ad well, as you want it to be selected by possible tenants that you're trying to find. Have a lot of details about the property in the ad. Be descriptive and interesting, get the reader on your side. You should have a lot of information in your ad, including the number of bathrooms and bedrooms, parking, the date the unit is available, parking, laundry, pets and other terms of the rental. No one wants to answer a lot of phone calls, so this way is better.
When possible, remember to include photos. Many readers will not even bother with an ad with no photos. Leave an email address for responses, as well at a first name, and in some cases, a phone number. You want to make it easy for them to contact you.
Get your ad where it can be seen
It's a good idea to use several avenues for your ad. Don't forget to think about the renters you want to target. If you're renting out a luxury condo, you likely won't be advertising in the same places as when you're renting out a basement bachelor suite.
Placing a CraigsList ad is one of the best choices since it's free, and has so many people that read the ads daily in virtually every city. The simple layout on websites like these helps to make it accessible to virtually everyone, so your future tenants can find you with no troubles. It's best to use several colour pictures; 1 of the outside of the building, 3 of the inside. If the unit has a great view, be sure to include a photo. People will stop and look at that.
Social media: Put postings on your Facebook page and/or Twitter account to let everyone know you have a property to rent.
Sign in the window: It may sound old fashioned and low-tech, but consider placing a sign in the window of the unit you have for rent. Your sign could be seen by a person who is visiting the area and is considering moving, or someone could let their friend know that your suite is available, and you can find a tenant that way. Your sign should be as informative as possible, detailing such things as the price, the bedrooms available and when the suite is available to rent. This will prevent people calling just for information. Be sure to include your phone number in large print, visible from the street.
Another good way to find tenants is to simply tell your friends, word of mouth works well for this. Acquaintances sometimes have knowledge of people that are moving into your part of town.
You could always put a sign up at a community center, the laundromat or grocery store, and even your local library. The flyer you use should have tear-offs at the bottom with your contact information, and don't forget some nice full colour pictures to make your place look more attractive.
It's important to find the right balance between renting your suite fast, and finding a responsible tenant. A landlord would be wise to take their time and find responsible tenants who can easily afford to make rent, and are respectful of your property and treat it well. See evaluating and selecting tenants.
It's a good idea to spend some time crafting your ad well, as you want it to be selected by possible tenants that you're trying to find. Have a lot of details about the property in the ad. Be descriptive and interesting, get the reader on your side. You should have a lot of information in your ad, including the number of bathrooms and bedrooms, parking, the date the unit is available, parking, laundry, pets and other terms of the rental. No one wants to answer a lot of phone calls, so this way is better.
When possible, remember to include photos. Many readers will not even bother with an ad with no photos. Leave an email address for responses, as well at a first name, and in some cases, a phone number. You want to make it easy for them to contact you.
Get your ad where it can be seen
It's a good idea to use several avenues for your ad. Don't forget to think about the renters you want to target. If you're renting out a luxury condo, you likely won't be advertising in the same places as when you're renting out a basement bachelor suite.
Placing a CraigsList ad is one of the best choices since it's free, and has so many people that read the ads daily in virtually every city. The simple layout on websites like these helps to make it accessible to virtually everyone, so your future tenants can find you with no troubles. It's best to use several colour pictures; 1 of the outside of the building, 3 of the inside. If the unit has a great view, be sure to include a photo. People will stop and look at that.
Social media: Put postings on your Facebook page and/or Twitter account to let everyone know you have a property to rent.
Sign in the window: It may sound old fashioned and low-tech, but consider placing a sign in the window of the unit you have for rent. Your sign could be seen by a person who is visiting the area and is considering moving, or someone could let their friend know that your suite is available, and you can find a tenant that way. Your sign should be as informative as possible, detailing such things as the price, the bedrooms available and when the suite is available to rent. This will prevent people calling just for information. Be sure to include your phone number in large print, visible from the street.
Another good way to find tenants is to simply tell your friends, word of mouth works well for this. Acquaintances sometimes have knowledge of people that are moving into your part of town.
You could always put a sign up at a community center, the laundromat or grocery store, and even your local library. The flyer you use should have tear-offs at the bottom with your contact information, and don't forget some nice full colour pictures to make your place look more attractive.
It's important to find the right balance between renting your suite fast, and finding a responsible tenant. A landlord would be wise to take their time and find responsible tenants who can easily afford to make rent, and are respectful of your property and treat it well. See evaluating and selecting tenants.
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