Due to the fact that some tenants can be troublesome; withholding payment of rent, causing damage to the property, or nuisance to the neighborhood it behooves on the property owner or manager to learn how to attract responsible tenants and avoid those troublesome ones. Here are tips on how you can attract responsible tenants fast.
- Channel your advert to a target market – massive advert may be necessary to attract tenants but the most important thing is to ensure you direct your advert to a specific group of people. Your advert should be directed to your ideal tenants.
- Increase the value of your property – it is not enough to advertise your property to responsible people, you have to increase the value of your property through renovation and provision of amenities that will increase its value and make it capable of attracting the attention of responsible people.
- Maintain a reasonable rent- to attract responsible tenants you must ensure that the rent is within the market value. The rent should be equal to the standard.
- Screen prospective tenants – to have responsible tenants, you need to ensure you screen prospective tenants thoroughly. That’s the way to ascertain the personality and capacity of the person seeking to occupy your property.
- Demand for guarantor – another way to ensure you get a responsible tenant is to request for guarantor from the prospective tenant. If a responsible person is willing to act as his guarantor then it’s an indication that he may be responsible.
- Use responsible tenants – if you already have a responsible tenant, you can inform him of the vacant property and give him the opportunity of bringing in his friend. Just try getting another tenant through him. He will advertise the vacancy to his friends who would likely be responsible people like him.
- Ensure your property is located in a secured environment – the location of your property is also very important in attracting responsible tenants. Property well situated in a high income and secured environment will definitely attract responsible people as tenants.
SUMMARY
As a property owner or manager you need to be interested in attracting responsible tenants for your property to guarantee adequate and regular return on your investment. Always ensure you do the following:
- Channel your advert to a target market
- Increase the value of your property
- Maintain a reasonable rent
- Screen prospective tenants
- Demand for guarantor
- Use responsible tenants
- Situate your property in a nice environment
