Finding Tenants
Finding a tenant is not difficult, but finding the right tenant is an entirely different matter. Traditional advertising in local newspapers can produce a horde of enquiries, but can be expensive and not always successful. For the best results:
- Examine other landlords' advertisements and make your rent competitive, given the size and quality of accommodation and its location.
- Identify which editions of a daily newspaper are popular with those searching for let property.
- Use the three best assets of the dwelling in the first sentence of your advert.
- Plan ahead. Be available to answer calls once the advert is published. Avoid using an answer-machine as some callers will not leave a message.
- Be prepared. When calls are expected, have a couple of pens available (in case one fails), a notepad, calendar or diary for viewing appointments, and a list of suitable questions. Double-check that you have written down the enquirer's name, address and contact number accurately.
The Value of 'To Let' Boards
'To let' boards are of paramount importance, particularly where there are other dwellings to rent in the same area. Letting agents will be advertising these other properties and will attract and deliver interested potential tenants right to your doorstep. A 'to let' board shows that you also have accommodation available and people will contact you for more information. Boards also inform neighbours who, in turn, will tell their friends, colleagues and relatives about the property. Do not underestimate the power of word-of-mouth.
Boards can be self-made or created professionally. Once tenants have been found, the board should be stored away so it can be used again when the property becomes vacant.
