Finding Tenants
Finding Tenants Indianapolis Real Estate Prospective Tenant
Showings Clean Word of Mouth Friends Family Co-workers
Advertising Newspaper Classified Ads Signs on Property Internet
One of the fears that many first time investors
have is "where will we find tenants? What if we can't find
any one to rent the property?" Of course there is always the
possibility that it will be difficult to find a tenant, but
in general, if you select a well located property,
prepare it nicely, and ask a reasonable rent, you
should have little or no problem finding acceptable tenants.
You may, actually, have more problem choosing
a tenant rather than finding one.
Before you begin marketing the property, make sure that it
is in a marketable condition. Nothing will turn off
a potential tenant faster than an unkempt, dirty house. If
you have tenants presently in the property, make sure that
they are aware that it must be available--in good condition--for
showings. Don't take their word that it is clean or you will
run the risk of a big surprise to you and your prospective
tenant. See the home for yourself before you make appointments
to show it to someone else!
Come up with a coordinated plan for when you are going to
begin marketing the property and where. If you have had success
with a specific method, use it again.
Marketing the Property
Word of mouth
The easiest and least expensive way
of getting the word out. Let friends, family and co-workers
know about the property. If you have already had the property
rented, start with the tenant that is moving from it. They
often can give you a good "lead."
Advertising
Newspaper classified advertising generally
works well, since it is the first place that most prospective
tenants look when they are trying to find a home to rent.
Describe the property colorfully but honestly, state the amount
of the rent and any basic rules (for example, "no pets) in
the ad. It will save a lot of wasted time not showing the
property to those who will not qualify.
Signs on property
These are especially effective if the
property is on a heavily traveled road, but also are effective
because neighbors will call people they know who are looking
for a rental.
Bulletin Boards
Many grocery stores, universities and
libraries have bulletin boards that will allow an individual
to place a notice offering property for rent.
Internet
Your Internet provider may offer free
classified ads. If they are available, use them.
For more information about how we can help make your next move as easy and as rewarding as possible, please
call Kristie Smith at 317-805-7360 (toll free 800-360-5733), or
send an email to Kristie, or submit the form below:
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