Vacant Rental Units? Part 2
4. Bulletin Boards
There might be potential tenants in your neighborhood and thus distribute flyers of your rentals in your community. You can put up these flyers around bus stops, grocery stores, colleges, churches, and laundromats.
To catch the attention of passers-by, use bold headlines and color photographs. To increases chances of communication, include tear-offs that have your contact information so that people in a hurry can call you later.
- Word of Mouth
This is a very cost-effective way to let potential tenants know about your rental units. Let your current tenants be aware of a vacancy. They might pass the word to a brother, sister or cousin who might be in need of a place to move in.
Tell every person your social network be it your family, barber, hairdresser, mechanic or boss about the property for rent. You can also make flyers to hand to them if need be. Also, offer them an incentive in the form of a referral fee to have them really selling your property.
- ‘For Rent’ sign
This might not reach the masses, but it has its perks. A passerby who is interested might see the sign or refer someone looking for an apartment in the area. Ensure you also include a phone number that can be seen from the street.
Once you start receiving potential tenants, don’t be in a hurry to rent out the property. Ensure that you screen the tenants to ensure that you have good tenants renting your property. If you are looking to have your property managed, look no further. At lapmg, we offer property management services and leave you to other pursuits. Check us out here.
