One of the most common challenges for Bangor 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. Here are five great ways to get that ideal tenant for your property. Together, these methods let 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. Simple, inexpensive, and yet effective, a sign out front of the rental property helps draw in prospective tenants who are on the hunt for rental homes in specific neighborhoods or near certain amenities.
2. Rental Websites
Listing your property on various rental websites will be very helpful. You must advertise your rental property. Various studies show that the vast majority of renters in all age groups start their rental property search online. The more visible your property, the larger pool of applicants available to you.
3. Social Media
In addition to rental websites, social media presence is critical to effective advertising. People spend a lot of time on social media, and it would be a great advantage for you if you have information about your available property listed there, too. Most people will often forward posts about available properties to people they know are looking for a new home. This is because social media also has the significant advantage of being shareable.
4. Classified Ads
Depending on your target demographic, classified ads could be another effective method to draw prospective tenants to your property. There are numerous inexpensive options to advertise in, such as local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). At the end of the day, knowing where your ideal tenant goes to get information about rental properties lets you make strategic decisions about placing your advertisements for maximum visibility.
5. Word of Mouth
Advertising professionals will always tell you that a few modes of advertising are as effective as word of mouth. 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. You can also print some flyers and hand them out to people you meet. Offering a referral fee for an added incentive is also a great way to get the word out. Engaging with the public and having a network of personal contacts can work to your advantage as you find your next great tenant.
At Real Property Management Acadia, we take care of advertising and leasing rentals for you. Call us at 207-561-7482 or contact us online to discuss strategies we implement in our rental property management plans!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
