You find yourself with a property to rent. Maybe you've moved into a new home, and have decided to rent out your old one. 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?
You'll need to write an ad that describes your property, but also sets it apart from all the other rental properties being advertised. Have a lot of details about the property in the ad. The language you choose should evoke some emotion from the reader. 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. This will save you a lot of unnecessary phone calls.
When possible, remember to include photos. Lots of people will skip right over any ads without them. Don't forget to include your contact information: name, phone number, email address. Your possible tenant should be provided with a simple contact method.
Place your advertisement
Have a few places in mind to advertise your rental, don't count on one. Keep in mind the target potential renters you're looking for. 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.
Using Craigslist is a good option as it is free, and many people use it all over the world. 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 exterior photo, and 3 more of the inside of the premises. When a particularly nice view is available from the unit, use a picture of that in the ad. That will get people to really notice the ad.
Using Facebook or Twitter and social media sites like these can be helpful, as people you know can recommend trustworthy tenants.
Putting a sign in the window can work just fine, and some landlords still use this method to find tenants. People who live in the area will see the sign and recommend it to a friend who is looking for a rental, or someone just visiting the area may see it and inquire about renting. The more information you can include on the sign, the better, such as: number of bedrooms and bathrooms, monthly rent, and the move in date. This will prevent people calling just for information. The phone number to contact you should be in larger letters, so that a person out on the street can still read it easily.
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.
Local bulletin boards: Put up a sign, or flyer, at your neighborhood community centre, grocery store, or 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.
Be sure you take the time to find a suitable tenant, don't rush into it and accept the first application you receive. The tenants you would optimally like to find are considerate of your property, and they pay rents on schedule and are generally responsible. Read further about selecting and evaluating tenants the right way.
You'll need to write an ad that describes your property, but also sets it apart from all the other rental properties being advertised. Have a lot of details about the property in the ad. The language you choose should evoke some emotion from the reader. 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. This will save you a lot of unnecessary phone calls.
When possible, remember to include photos. Lots of people will skip right over any ads without them. Don't forget to include your contact information: name, phone number, email address. Your possible tenant should be provided with a simple contact method.
Place your advertisement
Have a few places in mind to advertise your rental, don't count on one. Keep in mind the target potential renters you're looking for. 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.
Using Craigslist is a good option as it is free, and many people use it all over the world. 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 exterior photo, and 3 more of the inside of the premises. When a particularly nice view is available from the unit, use a picture of that in the ad. That will get people to really notice the ad.
Using Facebook or Twitter and social media sites like these can be helpful, as people you know can recommend trustworthy tenants.
Putting a sign in the window can work just fine, and some landlords still use this method to find tenants. People who live in the area will see the sign and recommend it to a friend who is looking for a rental, or someone just visiting the area may see it and inquire about renting. The more information you can include on the sign, the better, such as: number of bedrooms and bathrooms, monthly rent, and the move in date. This will prevent people calling just for information. The phone number to contact you should be in larger letters, so that a person out on the street can still read it easily.
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.
Local bulletin boards: Put up a sign, or flyer, at your neighborhood community centre, grocery store, or 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.
Be sure you take the time to find a suitable tenant, don't rush into it and accept the first application you receive. The tenants you would optimally like to find are considerate of your property, and they pay rents on schedule and are generally responsible. Read further about selecting and evaluating tenants the right way.
About the Author:
If you want to know more about Surrey home insurance, or if you're renting visit www.squareoneinsurance.ca.
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