How to Find a Tenant – Property Management Phoenix Tips

May 18, 2016 | Experts Column

Instead of simply finding a tenant, landlords need to focus on how to find a good tenant. Some owners have found their tenants using Craigslist and other methods of advertising. However, those owners often do not have an adequate way of checking the potential tenant’s background, or they are naïve or inexperienced in making a good tenant decision.

Using Professionals for Proper Background Checks

I would encourage you to hire a real estate company or a property management company that can run good background checks on your prospective tenants. This will help you properly and thoroughly screen your tenants. A professional manager can also give you good advice and help you choose a tenant who will pay rent on time, take good care of your property and follow the terms of your lease.

Strategic Advertising and Marketing Plans

At McMath Realty, we use the Multiple Listing Service (MLS) so that your listing goes out to thousands of Realtors who can show their clients the home. This is a great way to get qualified tenants to look at your rental property. We also list your home on over 80 websites, including the major sites tenants use such as Zillow, Trulia and Realtor.com. When you’re finding a good tenant, you need to get your property out and in front of as many prospective renters as possible. That’s going to require a lot more than just an ad on Craigslist.

Commission Fees Are Cost Effective

We talk to a lot of owners who don’t want to spend money on commissions when it comes to finding a tenant. But you must think about the alternative. The cost of a commission is far less than the cost of an eviction or the cost to repair damages to your property left by the tenant. Those commissions are nothing compared to the repair time to get your property back into good condition and the cost of vacancy. It’s better to spend a few dollars finding a good tenant than to take the risk in putting a bad tenant in your property.

If you need some help finding a good tenant, please do not hesitate to contact us at McMath Realty Property Management.