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10 Ways to Attract Good Tenants

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1.  Dress professionally.  First impressions matter and will set the tone for your relationship with the tenant.

2.  Allow pets.  Many property management companies will no longer permit pets.  Being pet-friendly can set you apart and attract more potential tenants to you.

3.  Be organized and have procedures in place.  If you are disorganized, it will make the tenants think you don't care.  Have checklists and paperwork in order.

4.  Show that you care for the property and the tenants will care too.  Even if it's outdated in areas, a clean property can overcome many objections.  Wash the windows, manicure the yard..show some pride of ownership.

5.  Offer a discount for a multi-year lease and/or for payroll/bank draft setup.  

6.  Let them know that you will be accessing the property every other month for a maintenance checkup.  Ask the tenants to put any non-emergency maintenance items on a list on the refrigerator so you can address them on your visit.

7.  Send them birthday cards.  Yes, it is a business transaction; however, showing you care can go a long way.

8.  Include a washer and dryer.  

9.  If due to economic conditions, you need to offer a free month of rent...NEVER offer the first month free.  You are inviting deadbeats to live in your property for free for 30 days.  Instead, offer the free month after 6 months or over the holidays.

10.  Be present.  Be available.  Lack of communication can quickly break down the tenant/landlord relationship.  Respond to their questions and concerns promptly.

Tina Merritt is an 11 year veteran Real Estate Agent and Trainer based out of Virginia Beach, Virginia.  She holds a degree in economics from Virginia Tech and post-baccalaureate from Virginia Commonwealth in real estate and land development.  As an avid social networker and internet marketer, Tina helps real estate agents, loan officers and affiliated industries embrace technology.  As a real estate agent, Tina primarily deals with marketing and selling properties deemed "hard to sell" and also works with real estate investors helping them build and/or liquidate their portfolios for maximum profit.

 

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5 Comments

[-] Posted by member11043338 on 12/02/2009 1:00 PM
Many people only seek their own benefit, but less attention to the need for tenants. thanks for your information
[-] Posted by Rachael Sutton #1253595 on 12/02/2009 10:53 PM
Wise words. Thanks.
[-] Posted by member11044107 on 12/03/2009 5:50 PM
<a href="http://www.tinamerritt.com" target="_blank" style="text-decoration:none;color:#000000;">Tina Merritt</a> is an experienced realtor. I would listen to her!
[-] Posted by member11045627 on 12/08/2009 10:06 AM
Excellent ideas. Too bad they're not adopted in many NY management companies. I have a daughter right now relocating from PGH to the NY A&F, and even though she's a manager at the Fifth Ave. store, she can't seem to find an apartment without management companies wanting 80X the rent in salary or a guarantor who has such a salary. SWmanagement is one of the companies who's asking for her all of her financial info as well as mine. For $1650 a month for a place on 90th, it's ridiculous.
[-] Posted by member1798092 on 02/06/2010 5:46 PM
Tina very nice work with your list on how to capture good rental tenants. I used to deal with rentals but at this point I only deal with them as a service to a client who may need a temporary rental after selling a home.

Bill Gassett,
http://www.sellmyhomeinmetrowestma.com/HOME_SEARCH/page_1931190.html
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