7 Tips for Finding the Best Tenants
Managing a property is rewarding, and it is also a lot of work. One of the hardest and most challenging parts of owning or managing a building is finding tenants. A bad tenant isn’t just a headache, he/she could end up costing you thousands of dollars in fees, maintenance and other costs. At Quest Real Estate, LLC., we offer tenant placement services for landlords in Jacksonville and Jacksonville Beach, Florida.
It can be a hassle finding tenants, especially good quality tenants – that’s where we come in. What is included in our tenant placement services?
- We will let you know if your property needs repairs or upgrades, which will help attract better tenants.
- We can create a custom market analysis, which will allow us to set accurate expectations for rental amounts.
- We will advertise your listing using flyers, our property database, MLS, and a local print publication.
- We give professional showings.
- We screen all prospective renters with background checks and references.
- We prepare the lease, addendums, and disclosures.
- We facilitate and coordinate a meeting between the landlord and resident to look over documents to make sure everyone agrees.
Since our experts at Quest Real Estate have more than 20 years of combined experience in providing tenant placement services, we wanted to share with you some tips of finding the best tenants for your residential property or commercial property.
How to Get the Right Tenants for Your Property
Create a great advertisement – The rental space, whether residential or commercial, should practically sell itself with the ad. Take lots of quality photos. Be descriptive in the details about the space. Don’t leave important information out.
- Advertise on different platforms – From Craigslist and the MLS to Facebook, try different avenues to advertise your vacant space. Different platforms will bring in a wider audience to you.
- Be good at communicating – If a prospective tenant contacts you, respond in a timely manner. If this person is looking at your space, they likely want to move into it soon, so don’t leave them hanging. The person can easily move on to other listings if you fail to respond quickly. Be clear, concise, and honest in the answers you give.
- Verify income – You want to find a tenant who can afford your rental space. His/her monthly income should be at least three times the monthly rent.
- Do thorough background checks – Looks and first impressions can be deceiving, so it’s in your best interest to do a background check on all serious prospective tenants. You should run a credit report, get criminal background check, and ask for references.
- Choose stable tenants – Aim to choose tenants who do not move or switch jobs often. Choose a tenant who has consistent employment and who can continue to afford the rented property.
- Trust your instincts – If you have a bad feeling about a prospective tenant, move on to the next. If you feel uncomfortable or uneasy with this person, for whatever reason, you should not let them live in your building – there’s a good chance he/she could be a problem tenant.
Work with a Jacksonville Property Management Company
A property management company can make finding tenants easy. Even if you follow all the tips above, the process is still time-consuming and possibly stressful. With 20 years of tenant placement experience under our belts, we know how to handle the process from start to finish. If you want quality tenants, it’s time you hire a property management company for your property or properties.
Not only do we offer tenant placement services, but we can manage your property, as well. We will communicate with tenants from their first day to their last. Our team develops a close relationship with tenants. We have been helping landlords and owners as a property management company since 1985.
With our aggressive marketing, advertising, property showings and background checks, we will find you great tenants. As a property management company, we prepare leases, have 24-hour emergency maintenance, collect rent, and more.