What Does a Tenant Look for When Searching for a New Rental?
As a landlord, when you start looking for a tenant to rent out your property or properties it’s important to keep some simple things in mind, so you attract high-quality tenants.
Location, Location, Location
Knowing the location just like any business can have one of the biggest impacts on your revenue. Each tenant will be looking for different things such as a place that is close to their place of employment or even having grocery stores and restaurants nearby.
It’s all dependent on the quality of life of the tenant, some will even overlook fewer desirable aspects of the rental property if it’s in a great neighborhood. For some tenants, they look for their own safety and security, having a safe environment is one of the biggest motivators for some tenants.
You can prevent an issue from happening in the future by taking some simple steps such as doing research on crime statistics that way the tenant doesn’t have to worry about their car or house getting broken into.
Immediate Availability
Having a place that is in ready to move condition provides fewer headaches for the tenant. If the property is in a fallacious condition when the tenant moves in, you don’t want to give them the wrong impression and mislead the tenant.
A rental unit that is in move-in ready condition sets the expectation that the tenant will provide maintenance and cleanliness during their stay.
The Little Things Count
Sometimes it’s the little things that matter the most. Most tenants like having updated appliances, hardwood floors.
If you live in a warmer climate even installing central air conditioning is often worth the expense. The more a house feels like a home, the longer the tenant is likely to stay.
Tenants want to avoid the hassle of dealing with repairs, oftentimes newer properties with newer plumbing and electrical and proper maintenance will help avoid costly and uncomfortable experience for the tenant
Depending on where the properties are located, outdoor space such as a private backyard or balcony adds value to urban natives or city dwellers.
Providing a small space for fresh air will attract more tenants which gives you ample opportunity as a landlord to select the best candidate, and possibly charge higher rent.
Relationship & Understanding
An ideal relationship for a landlord and tenant both parties should be civilized and courteous towards one another.
If you make certain commitments to the tenant in order to sweeten the deal on closing them to stay, make sure to keep your end of the deal. Thinking of these ideas when looking for tenants makes the tenant know you care about the property and make sure that you will maintain your end of the deal and make sure their time living there will be a pleasant stay.
Once you’ve found a qualified number of applicants you will need a tenant screening service, like ours, so you can run a landlord credit check on the applicant’s background.
We recommend using our services because it includes credit, criminal, and eviction reports. With our help, and by putting these systems in place and screening tenants upfront you can avoid costly evictions later.
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