One of the most common challenges for Omaha property owners is finding a quality tenant. So much depends on renting your property to someone who will not only pay their rent each month and on time, but who will also take good care of the property. Below are five great ways you can try to find a suitable tenant for your rental property. Used together, methods like these may help you keep your vacancies short and the rental income flowing.
1. Hang a “For Rent” Sign
Most renters these days use the internet to look up available rental properties. Despite this, nothing can truly take the place of posting a “For Rent” sign in the yard. A simple, inexpensive, and yet effective method, putting up a sign in front of the property can help draw in prospective tenants who are looking for a rental home in specific neighborhoods or near certain amenities.
2. Rental Websites
List your property on different rental websites if you are advertising your rental property. It has been shown that the vast majority of renters in all age groups start their rental property search online. The more visible your property, the larger the pool of applicants.
3. Social Media
On top of rental websites, social media presence is critical to effective advertising. Most people spend a lot of time on social media. It’s an advantage if you have information about your available property circulating there, too. Because social media has the significant advantage of being shareable, people will usually forward posts about available properties to people they know are looking for a new home.
4. Classified Ads
Depending on your target demographic, classified ads could be another effective method to draw prospective tenants to your property. There are a lot of inexpensive options to advertise in, such as local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). Strategic placing of your advertisements for maximum visibility becomes easier if you know where your ideal tenant goes to get information about rental properties.
5. Word of Mouth
Few modes of advertising are as effective as word of mouth. That’s what advertising many professionals always say. Once your property is ready and available for rent, you should tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Have some flyers on hand. Give these to people you meet whenever you go out. You can also offer a referral fee for an added incentive. You can easily find your next great tenant when you have a network of personal contacts and regular engagement with the public.
At Real Property Management Legacy, we take care of advertising and leasing rentals for you. Call us at 402-983-8365 or contact us online to discuss strategies we implement in our rental property management plans!
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