landlord

‘Get Results You Deserve’ when selling or leasing your property [Book Review]

by Chris Lang on March 9, 2012
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Let’s say you’ve decided to sell your house, what’s the first thing you do? That’s right, you get some appraisals from real estate agents. Then you decide which agent you are going to work with, sit down and exchange some details about the property and your expectations, and voila, you’ve set the ball rolling and […]

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10 Tricks To Find The Best Tenants

by Chris Lang on July 5, 2010
10 Tricks To Find The Best Tenants

Good tenants My dearest tenants, as much as I enjoy talking to you every chance I get, this article is more for the landlords amongst us. It is a good chance for tenants to see things from the landlord’s perspective though :)

Using tricks to find the best tenants can make managing your property virtually pain free. There is probably no worse stress for a landlord then having tenants who do not maintain the property or who don’t pay the rent on time. One of the ways to make sure this does not happen to you is by getting great renters from the beginning. It can be hard to determine upon first meeting people if they will make good renters but you can draw better renters to your property by following a few tricks of the trade.

Top 10 Tricks To Find The Best Tenants

1. Make a great first impression. This is about you and how you look and act when you show the property. If your appearance is neat and you behave in a professional manner then responsible tenants will want to do business with you.

2. Clean the whole home. Whenever you show a house make sure it is sparkling clean condition. This means every corner should not only look clean but smell clean. No matter how neat a home is, if it smells like cat pee no reasonable person will want to rent it.

3. Spruce up old paint. Paint is an easy and quick fix to making a place look better. The rule of thumb is to stick with white paint because it makes rooms look bigger and brighter. Don’t forget to touch up the trim too as it can get quite grimy.

4. Make sure the outside of the house is appealing too. One of the tricks to finding the best tenants is to present the home in the way you want it to be kept. If people are willing to rent a house with an overgrown yard and trash in the lawn then they will probably not take care of the house once it is theirs.

5. Try not to show a house on trash day. This is a great thing to keep in mind because garbage days make the whole neighbourhood look a little rough. In addition to the trash bins and bags there will be a bad smell and the possibility of critters that drag trash down the street.

6. Clean up building common areas. If you are renting an apartment make certain that areas like the front hall, laundry facility, and mailboxes are neat and tidy. Your potential tenants will check out these spots before they make a final decision.

7. Make sure the rooms make sense. If someone is currently living in the home and uses the dining room as their home office have them move those items to a more traditional location. This way you can show the house with rooms being used in a traditional manner which helps renters visualise their things in it.

8. Repair anything that needs fixed. Look at your rental with new eyes and repair even the smallest items that need it like replacing damaged blinds and re-glazing the bathtub or sink. No renter worth their salt wants to put down the money to rent a home that needs work before they move in.

9. Clean out forgotten areas. Once you live in a home it is easy to overlook things like kitchen cabinets which can hold dust and dead insects, or windows that are covered with fingerprints. However, when you are looking at a rental home you will notice and probably be a little disgusted with the mess.

10. Clean out the appliances. Potential renters will look inside refrigerators and stoves and there is nothing worse then seeing burnt on food or mold inside. Clean it out and you will likely get the same level of clean from your tenants.

These tricks to find the best tenants can go a long way toward making your rental process easy. Remember that people who are willing to accept a home in less then perfect condition are unlikely to keep it in better shape then they found it. On the other hand people who maintain their home and take pride in paying rent on time want a house that is worth their effort so they will be attracted to a well kept place. Rental property is a great investment but it is a lot of work, especially with deadbeat tenants. Do your best to make your home attract the best tenants around.

This article was written by William Eve who is a regular personal finance writer for Home Loan Finder, a 100% free mortgage comparison and application service. Whether a first home buyer or investor, visit the Home Loan Finder website for more quality information and guides on competitive mortgage products.

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