Jacksonville Property Management Blog
How to Attract Quality Tenants for Florida Rental Property
Attracting quality tenants is one of the most difficult aspects of being a landlord and managing a rental property. Nonetheless, it is a crucial part of the job. That is why learning effective techniques to attract quality tenants for your Florida rental property is critical. To help you find decent tenants, we've consulted experienced property management professionals and gathered useful tips and advice. Even though finding great tenants won't be easy, if you make sure to follow our advice and prepare well, you'll go through a much smoother process. Now let's get to work!
Why not let professionals help you attract quality tenants for your Florida rental?
The simplest way to ensure your Florida rental is occupied by decent tenants is to get in touch with a full-service property management company and let them handle everything regarding your property. Or, you can only hire tenant placement services if you prefer doing other landlord tasks alone.
Given that property management professionals have extensive experience, they can easily recognize the type of person they're dealing with. Of course, they won't rely solely on their hunch, but they'll also do extensive research and background checks. They will make sure they find responsible renters and leave your Florida rental in nothing but good hands.
Simple ways to attract quality tenants for your Florida rental
Good tenants pay their rent on time and in full, look after your property as if it were their own, and rarely (if ever) violate the conditions of your lease agreement. They are any landlord's dream come true.
However, having in mind that roughly a third of households in Florida are renters, it can be quite difficult to find quality tenants among them. This is that much more true if you're planning to do this on your own. But don't worry as it's definitely not impossible, especially if you follow the tips and advice we've gathered from experienced landlords and property managers.
Know what kind of tenant you're looking for
If you're looking for a good tenant but don't know how to spot one, you could easily lose out. Knowing the qualities of your ideal tenant can help you focus your search. When drafting a listing copy, it offers you a target market to work with.
In general, a good quality renter is one who has never been evicted, has a courteous attitude toward neighbors, pays rent on time, follows lease terms, and has a steady job. You may also prefer a tenant who does not have any pets or who does not smoke. So before you begin the screening process, make sure you have a strong sense of what you want in a tenant, regardless of your needs.
Make your rental more appealing
One of the best ways to attract quality tenants for your rental is to make your rental more appealing by adding different features. This will help your property stand out and appeal to a higher-income demographic.
You can't go wrong with add-ons like heating, dishwashers, stainless steel appliances, built-in wardrobes, and more storage space or lighting. Many quality renters look for these features. Plus, they may also be able to help you raise your rental return as well as the long-term value of your Florida rental property. It's basically a win-win!
On the other hand, you might find great tenants who want to move in with their own furniture and appliances. Given how difficult it is to find quality renters, you should better have a plan for storing furniture and other belongings just in case. The team from 24/7 Logistic Services FL suggests renting a storage unit as the simplest and most cost-effective solution.
Thoroughly screen your potential tenants
It's true when they say we should trust and follow our instincts. However, when looking for someone to occupy and take care of your property, listening to your gut is not enough. A potential tenant can lie on their application or sweet-talk their way onto your shortlist by lying on their application form. That's why it's crucial to thoroughly screen your tenants.
Tenant screening is a solid approach to sorting through candidates and identifying potential renters. Make certain to check criminal records and credit reports. It's also a good idea to double-check their employment status. Don't forget to request references and phone previous landlords to get a sense of how they are as renters. While the tenant screening procedure is time-consuming, it is definitely worth the effort.
Listen to the word of mouth
Even nowadays, word-of-mouth referrals are still the most valuable kind of marketing. Friends, family members, or current tenants (if you're already renting) may give your recommendations. You could even give your tenants a reward if they refer someone to you. Typically, renters who are referred this way are of higher quality and stay considerably longer.
Be a great landlord
Now that you've found great tenants, you want to do your best to keep them in your property long-term. So make sure to do your part in the best way possible and be the kind of landlord you would want to have.
For example, you can offer your tenants help with heavy pieces. Or, you can help them find reliable movers to hire and assist with furniture disassembly. This way, when your tenants eventually move out, they'll give you glowing recommendations. Who knows, they might even send their reliable friends coming your way to replace them.
The bottom line
We won't lie—finding reliable and quality tenants and keeping them in your Florida rental property for a long time is going to be difficult. However, if you follow our tips, we're sure you'll have an easier process as you'll know exactly what to focus on. Or, if you want to do this the simplest way, reach out to Florida's finest property management team and let them take care of everything for you.
If you are looking for ways to attract quality and long-term tenants for your Florida rental property, check out our simple tips and advice.
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