Apartment Rental Tips

Comments(5)

• 
  joel17th November, 2003

  Look in the article section for Property Management. That should help you to start off with.

• 
  hibby7617th November, 2003

  The book "landlording" by Leigh Robinson has some great ideas.
  
  Identify your clientele. Where will they be looking? If you've got an upscale place in a nice neighborhood or by a university then you may want to look at online posts, university bulitin boards, and newspapers. If you're on the other side of town try a laundromat or grocery store. Put a directional sign at the closest busy intersection.
  
  Give other tenants or nearby neighbors a referal bonus of $50 or $100 for bringing you a qualified tenant.
  
  Over time you'll figure out what works in your neck of the woods. Good luck.

• 
  emayah17th November, 2003

  Thanks

• 
  BethE17th November, 2003

  You get what you pay for. If you advertize in the cheaper papers ( by cheaper I mean classy or not), you will attract those people. Find the type of person you prefer and advertise in those areas (ie - the doctor's lounge at a hospital vs a college campus). Recognize risk and charge accordingly: a bad credit report represents a higher risk so keep a higher deposit or write more strict nonpayment penalties into the contract as incentive for them to be prompt. Good luck.

• 
  Lufos17th November, 2003

  Congratulations the first of many.
  
  A Condo, I enter the building and I am now standing in the Lobby. I knock on the door which says Manager. (aka Residential Manager). "Hi," I say smiling from ear to ear."I am the new owner of Unit 060 and I would like to rent it for $1,000 a month and if you know anyone that is so inclined have him call me." Hand him a card, stop grinning ear to ear and give him the clincher. "Of course I will pay you $100 on signing of new lease." and leave.
  
  This simple procedure works for me.
  
  Minimum Effort Lucius