You've acquired a rental property. There are those who move to a new house, and they choose to rent out their last home. Another situation is where you have done a basement renovation and have a suite that is available to rent. How do you find a tenant?
The ad that you place must be well written and informative, in order to have the best prospective renters to notice it. Provide as many details as possible. 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. This way, you won't need to answer countless telephone calls.
When possible, remember to include photos. When there are no pictures, most people don't take the ad seriously. Leave an email address for responses, as well at a first name, and in some cases, a phone number. It should be simple for the potential tenant to get a hold of you.
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 sites make it simple and convenient to place your ad, and it's easy for potential tenants to search. Attach at least 4 colour photos; 1 of the outside of the building, 3 of the inside. 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.
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. Someone may be interested in moving to the area, or they have a friend who's interested, and will spot your sign when walking or driving through the neighbourhood. Try and put a lot of details on the sign, like the bedroom and bathroom number, price, the availability date, etc. When the details are available, people won't bother you with telephone calls as much. Your contact phone number should be big enough that people on the street can read it.
Word of mouth: Tell everyone you know that you have a place for rent. Acquaintances sometimes have knowledge of people that are moving into your part of town.
Another time-tested method is bulletin boards in the community, and a local center, library, or laundromat, for example. Make your flyer eye-catching by including colour photos, and don't forget to include tear-offs at the bottom of the sign with your contact information and the address of the property.
Be sure you take the time to find a suitable tenant, don't rush into it and accept the first application you receive. 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. Find out more with further articles to help you find and evaluate prospective tenants.
The ad that you place must be well written and informative, in order to have the best prospective renters to notice it. Provide as many details as possible. 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. This way, you won't need to answer countless telephone calls.
When possible, remember to include photos. When there are no pictures, most people don't take the ad seriously. Leave an email address for responses, as well at a first name, and in some cases, a phone number. It should be simple for the potential tenant to get a hold of you.
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 sites make it simple and convenient to place your ad, and it's easy for potential tenants to search. Attach at least 4 colour photos; 1 of the outside of the building, 3 of the inside. 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.
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. Someone may be interested in moving to the area, or they have a friend who's interested, and will spot your sign when walking or driving through the neighbourhood. Try and put a lot of details on the sign, like the bedroom and bathroom number, price, the availability date, etc. When the details are available, people won't bother you with telephone calls as much. Your contact phone number should be big enough that people on the street can read it.
Word of mouth: Tell everyone you know that you have a place for rent. Acquaintances sometimes have knowledge of people that are moving into your part of town.
Another time-tested method is bulletin boards in the community, and a local center, library, or laundromat, for example. Make your flyer eye-catching by including colour photos, and don't forget to include tear-offs at the bottom of the sign with your contact information and the address of the property.
Be sure you take the time to find a suitable tenant, don't rush into it and accept the first application you receive. 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. Find out more with further articles to help you find and evaluate prospective tenants.
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