4 Tips for Improving Your Tenant Placement Process

4 Tips for Improving Your Tenant Placement Process

Did you know that the rent in Albuquerque, New Mexico shot up to almost double the national average in 2021?

Rental properties are still a strong way to make a living. The key is to hone your tenant placement process so that it's much more efficient. If you neglect to improve it, then you can expect to see more and more vacancies over time.

Are you wondering what you can do? Keep reading to learn all about the four tips for improving your tenant placement process.

1. Don't Forget to Run a Background Check

Background checks are the single best way to learn if you should onboard a tenant or not. This alone can improve your tenant placement process by a significant amount. From a potential criminal record to not being who they say they are, you never know what you're going to find.

If they've rented before, then it could also be helpful to call their previous landlord and ask if they were reliable tenants. If you hear about how they were always late on payments, for instance, then that's a major red flag.

2. Plan an Engaging Tour

If you're still wondering how to place tenants, then don't forget to offer a proper tour. Anyone who seems bored when showing off the property can end up making the potential tenants feel bored or even unwanted.

This is why you should plan out the tour ahead of time and include all points of interest.

3. Ask Questions

Do you want even more tips for placing tenants?

As you give them a tour of the property, feel free to ask some occasional questions. This is a good way to spot various red flags, such as if they are first-time renters or if they move on a consistent basis.

The more you can learn, the more you'll know where to place tenants.

4. Boost Your Advertising Strategy

Are you having trouble attracting any potential tenants in the first place? This is probably due to a need for more effective advertising. The good news is that a reliable property management company can handle this task, as well as many others.

How and where you advertise can make a huge difference in the type of potential tenants you attract, assuming you attract any at all. From pay-per-click ads to refining your search engine optimization, there are many ways you can improve your methods.

Ready to Excel at Tenant Placement?

Now that you've learned all about the four tips for improving your tenant placement process, you can feel much more confident regarding the type of people who stay at your properties. The last thing you'd want is to deal with people who don't pay or engage in illegal activities.

Home River Group can provide you with excellent and comprehensive property management services. From marketing and screening tenants to collecting rent and ordering repairs, you can always count on our expertise.

Do you have some questions or would like to learn more about what we offer? Feel free to reach out.

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