Tenant selection can be the difference between an investment property being financially fruitful or a failure. That’s why knowing how to find and choose tenants is vital for property owners.
While the majority of Rwandan property owners engage a real estate agent to find tenants and others manage their own property.
Both types of landlords have the option of using https://emallproperty.com/ to either connect with an agency or list property directly on the site. Let’s take a look at how to find a tenant for a rental property.
1. Present the property well
Different says the first step to getting a quality tenant is presenting the property in the right way.
Well presented, decluttered properties, with no obvious maintenance or repairs outstanding, generally attract the best tenants. If the property is tenanted, landlords should incentivise tenants to present the property in the best way.
2. Use professional photography
If you’re surfing the internet and come across an image that is dark, dingy, grainy and only showing part of the home, opposed to bright, crisp clean, vibrant, and wide angles, which one do you click on to view? The answer is a big NO!
Professional photos are a must in real estate especially in this digital era, with eMall Property, you get beautiful, professional images of your property free of charge.
3. Find a skilled real estate agent
Nowadays, property owners can choose to self-manage their property, via a private rental arrangement, or go down the more traditional route of paying an agent.
It’s more than just collecting the rent. It’s handling maintenance requests, dealing with issues during the tenancy and negotiating for each party, routine inspections, reports, listing the property, taking prospective tenants through, processing applications, and conducting entry and exit reports. But more importantly, they have to know and abide by legislation. That’s why an agent is needed.
4. List the property online
Next is the all-important online listing. Landlords can find tenants, by connecting with eMall Property (real estate agency) helps you to list your property for free.
Historically, private landlords were restricted in where they could advertise their properties and had to rely mainly on social media, word-of-mouth, and online selling platforms. They can create, edit and save listings, so it’s easy to re-list later and also receive tenant inquiries by email, phone, or SMS.
5. Select the best tenant
Whether it’s a professional property manager or the owner themselves selecting tenants, there are some fundamentals to follow to pick the best ones.
Firstly is the prospective tenant’s ability to pay the rent, their job security, and enough budget such as foreigners and references are all keys.
The landlord business requires you to get and keep good tenants in your properties. It takes some work to find good tenants for your investment property, but it’s well worth the effort. Without tenants, you’d be out of business. With good tenants, you can have a lucrative career as a landlord.
