Landlords file almost four million eviction cases in the U.S. every year, many of which could be avoided with tenant placement services.
Taking tenant placement seriously protects your property and slashes vacancy rates. But if you're a new landlord, you likely won't know the term and where to focus your efforts.
Sounds like your situation? Don't fret, we have the answers you're searching for. Here's everything you need to know.
What Is Tenant Placement?
Before jumping in, it's important to discuss what tenant placement is. This term means finding quality tenants for landlords. It's often done by a property management company that conducts background checks.
How To Attract Quality Tenants in San Diego, CA
Property marketing is key to attracting quality tenants to your San Diego rental home. The first step is crafting a detailed ad complete with images to generate a buzz.
This should include the property's location, amenities, and monthly rent. Choose a target audience and decide how to appeal to them. For instance, if you're targeting families, mention that it's close to great schools and green spaces for the kids.
Once you have a list of applicants, invest in tenant screening.
Conduct a background check to learn more about each applicant. This includes their credit report, employment history, and past references. But look out for red flags to avoid putting your property at risk. Examples include frequently moving, multiple evictions, and a vague application.
Why You Should Hire Professional Services
Attracting and maintaining tenants is stressful, which is why landlords hire tenant placement services.
Property managers will advertise your listing to the right clients. Through their website, you'll attract quality tenants who will be vetted. Property managers streamline the tenant screening process by having a system in place, making it easy to spot potential red flags.
Services will also conduct in-person interviews. It lets property managers learn more about the potential tenant and decide whether they're a good fit. Plus, employees can ask about the application.
Once you accept the tenant, the property management company will handle the security deposit and lease agreement. As it's legally binding, tenant placement services have an attorney ready to review it, so you're both happy.
Creating a healthy landlord-tenant relationship is crucial and tenant placement services help with this too. These professionals communicate with tenants and keep them updated throughout. On the flip side, if there's an issue, landlords will be informed, so they can find a solution.
If you're unsure of how to find a property management company, search for options in your area. This means that employees know the latest market trends and how to best rent out your property.
Hire Tenant Placement Services Today
Tenant placement services help both landlords and tenants, making it an essential investment.
At Harland Property Management, we have 50 years of experience managing properties in the San Diego area, so we can ensure your investment is safe with us. If you're interested, we'd love to hear from you.
Contact us today to chat with a member of our team.
