Three Tips for How to Find a Tenant for Your Rental Property

Three Tips for How to Find a Tenant for Your Rental Property

If you're a Nashville-area property owner, the most important aspect of your job is finding the right tenants.

Owning a rental property can be a huge amount of work. From maintaining the premises to marketing the property, there's always a lot to do in between tenancies. That's not to mention actually finding good tenants.

In order to find a tenant that you can build a good relationship with, you need to know what to look for. In this post, we're going to give you 3 tips for finding better tenants and making the tenant search much easier.

If you've been through the wringer with tenants in the past, keep reading and you'll learn the ins and outs of finding the best ones.

1. Screen Tenants Properly

By thoroughly screening every applicant, you can eliminate the less suitable ones right off the bat. If you're looking for someone that has upstanding credit, has no history of legal troubles, and has good landlord references, then even saying that you're looking into these things will deter poor candidates from applying.

Tenant screening can be a time-consuming process. If you're going it alone, you'll have to source out background checks, perform credit checks, and contact previous landlords. Many property owners don't have the time to spend on tenant screening and their properties suffer as a result.

Hiring a service to screen tenants for you can be really beneficial. This is just one of the many duties that a good property manager will perform for you. 

2. Market In the Right Places

There's a lot more to putting up a rental advertisement than meets the eye. You've got to take detailed photographs of each room, which means you'll need to ensure that the property is looking great to entice great candidates. You'll also need to write an enticing description of the property and put it up on some of Nashville's best rental listings.

That's just one aspect of it. The tenant search only starts with the advertisement. From there, you've got to field emails and phone calls from interested applicants, show them the property, then proceed with the screening that we discussed above.

A property management service like ours takes care of every aspect of marketing your property. From performing maintenance and cleaning to putting up advertisements and attracting qualified candidates, you won't have to lift a finger at all throughout the process.

3. Listen to Your Gut

Even with a great "find a tenant" service at the helm, you may want to make the final decision on who you rent to. Our best advice here is to meet all of the candidates and follow your gut to choose the right one. When the lesser candidates have all been screened out, there's much less room for error.

A lot of property owners ask us, "how long does it take to find a tenant?", but that's not really the right way to think. If you put the time into learning, whether it's how to find a tenant for commercial or residential properties, then you'll have fewer vacancies and better tenants all-around.

Find a Tenant to Stick With

Now that you know what you need to do to find a tenant for your properties, it's time to do it. Contact us today at Home River Group and learn all of the benefits of hiring a property manager.

From screening tenants to property maintenance, we can help you maximize your investment.

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