Ten ways to attract good tenants
Click here to load reader
-
Upload
jeremy-hart -
Category
Real Estate
-
view
1.599 -
download
0
description
Transcript of Ten ways to attract good tenants
You want to be a landlord, but you don’t want to deal with bad tenants. Sure, that makes sense. Here’s some tips, from
Wolkia, on how to attract GOOD tenants.
Reprinted from http://www.nrvliving.com/2010/05/03/attract-good-tenants/
Ten Ways To Attract Good Tenants
By Jeremy Hart, NRVLiving.com and Coldwell Banker Townside, Realtors Blacksburg, VA
As a landlord, “the turn” can be one of the most stressful
times of the lease. In a short period of time one set of
tenants moves out, the property is cleaned and prepared,
and a new set of tenants moves in. As a rental property
owner going through a “turn” myself, a post by Wolkia
was timely. In it she identifies ten ways to attract good
tenants.
1. Dress professionally. First impressions matter and
will set the tone for your relationship with the
tenant.
2. Allow pets. Many property management
companies will no longer allow pets. Being pet-
friendly can set you apart and attract more
potential tenants to you.
3. Be organized and have procedures in place. If you
are disorganized, it will make the tenants think
you don’t care. Have checklists and paperwork in
order.
4. Show that you care for the property and the
tenants will care too. Even if it’s outdated in
areas, a clean property can overcome many
objections. Wash the windows, manicure the yard
… show some pride of ownership.
5. Offer a discount for a multi-year lease and/or for
payroll/bank draft setup.
6. Let them know that you will be accessing the
property every other month for a
maintenance checkup. Ask the tenants to
put any non-emergency maintenance items
on a list on the refrigerator so you can
address them on your visit.
7. Send them birthday cards. Yes, it is a
business transaction; however, showing you
care can go a long way.
8. Include a washer and dryer.
9. If, due to economic conditions, you need to
offer a free month rent … NEVER offer the
first month free. You are inviting deadbeats
to live in your property for free for 30 days. Instead, offer the free month after 6 months
or over the holidays.
10. Be present. Be available. Lack of
communication can quickly break down the
tenant/landlord relationship. Respond to
their questions and concerns promptly.
Being a landlord doesn’t have to be difficult. The
horror stories are out there, certainly, but with
careful preparation – of the property, of your
processes, and of your tenant selection – it can be a
very rewarding opportunity. Thanks, Tina, for the
post.
Jeremy Hart a licensed real estate agent at Coldwell Banker Townside Realtors in Blacksburg, Virginia, and founding member of NRVLiving Real
Estate. If interested, his license number is #0225077937, and he’s been a licensee in good standing of the New River Valley Association, the Virginia
Association, and the National Association of Realtors since January 2004. You can contact him at jeremy at nrvliving dot com.
Disclaimer: I’m just a real estate agent and while I’m one piece of the puzzle, don’t forget to consult your attorney, tax professional and librarian
before making a financial or real estate decision. It should be noted that the articles in this blog are solely my opinion, and likewise those who leave
comments are providing their opinions, as well.. These are not the opinions of Coldwell Banker Townside Realtors, their affiliates or any employee
thereof. Coldwell Banker Townside has been gracious in allowing me the freedom to discuss real estate in whatever way I choose, but they are not
responsible for the content included herein. Any information or statistics I post are deemed accurate, but are not guaranteed. I will also not sell or
release your email address to anyone unless ordered to do so by a court of law. I won’t contact you unless you contact me first. Finally, all content
is protected by Creative Commons and US Copyright. If you like something you read here, feel free to use and quote small portions of text as long as
you link directly back to the post URL. Please do not republish without permission – my attorneys fees are expensive.