Posts about Tips & tricks (2)

If you’re going to fill your rental vacancies fast — and with quality tenants — you have to invest in online marketing and advertising. But with so many possible tactics to advertise your property, how do you determine which methods are worth the investment?

Renting out a residential property can be a pain for most property managers. Whether you’re leasing a new property to tenants for the first time or turning over a unit to a new tenant, there’s a long list of property management tasks to take care of before you start collecting rental income.

The typical rental showings and leasing process is riddled with pain points for potential tenants and property managers alike. But it doesn’t have to be. There are solutions to address the usual pitfalls that occur during this stage of the rental process. Let’s start with a look at the top pain points for tenants, as reported by AM Digital, and how they can be addressed to improve the renter experience.

As a property manager or rental property owner, you probably spend a lot of time qualifying each prospective tenant. You need to make sure they’re able to pay rent, that they don’t have a criminal background or other red flags (like poor credit), and that they’re a good fit on variables like pet ownership or smoking. Screening tenants is a challenge, and the stakes are high—poor screening could leave you facing a costly eviction.

The main reason to use any technology is to get more done with less effort, all while automatically tracking the results—and that’s absolutely the case with rental properties. Property management software, including tenant lead software, helps property managers save time while getting their vacancies filled faster with better quality tenants.

As a rental property owner, you might find yourself wondering whether you should hire a property manager. At first, it might seem like outsourcing your residential property management will just eat into profits, as you’ll need to start paying a property manager salary. But when a property manager is equipped with the right tools, you’ll not only save yourself tons of time, you might actually be able to increase your rental income.

When you get a lot of poor quality tenant leads, you’re not just giving yourself more work in having to sift through them all to find a good one. You’re also opening the door of opportunity for your competitors to get to the high quality tenant leads before you can. That’s a risk that a property manager can’t afford to take in today’s tight rental market.