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The 3 Best and Fastest Ways to Land a Tenant Fast

by Pathlie Lee Business consultant

Vacancies are a loss for any landlord or property owner. And the longer a property sits vacant, the more undesirable it becomes in the market. That’s why you’ll want to find fill up those vacancies as soon as possible. If you want to land tenants quickly, here are some of the best ways to get that done. By following these tips, you can land the best tenants quickly while reducing the amount of effort you put into screening potential applicants.

Use a Screening Service

If you still aren’t using a tenant screening service, then you’re missing out on a lot. Tenant screening services for landlords come with features that help you go through your list of applicants quicker than ever. It also comes with criminal and background checks as well as complete credit reports. You can use all of those reports to determine if the tenant has no history of debt and has good financial resources to pay the monthly rent. Even if the tenant has debt, it can tell you if you if that’s due to student loans or a medical bill and not a credit card bill. Credit card debt could be an indication of a bad spending habit, so that’s something to watch out for.

Pick the Right Screening Solution

When you shop around for tenant screening solutions, you’ll find plenty of options in the market. However, some of them are less flexible than others. That’s why you’ll want to do a bit of research to figure out which option suits you best. For instance, some screening services automatically charge the applicant for the online rental application. But flexible screening solutions allow you to set who gets the bill, so you could change it, depending on the circumstances and tenant. For instance, you could add the charge of the rental application form to the fees paid on your end. That way, the client can pay you all in one go, which is more convenient. Convenience is a factor, and many customers will gladly pick a rental property that’s easy to sign up for rather than a unit that comes with a tedious and inconvenient tenant screening process. Keep that in mind.

Consider the Features

Know what the system can do. What are the features? Some screening services come with a rental application feature, lease agreement, renter’s insurance, rent collection, rent listing, and more. These are features specifically designed to aid landlords. By using these features, you can process applications much faster. That’s another consideration you’ll want to think of when you sort through tenant screening options. A solution that makes it possible for you to shorten the processing time is an advantage. People hate delays. The sooner you can filter through those applications, the sooner you can sign up with a tenant. If you want to land a tenant without skipping all the necessary steps—checking their background, looking for proof of financial stability, and more—then you’ll need to invest in the right system. Check out tenant screening programs to get started.

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About Pathlie Lee Advanced   Business consultant

6 connections, 1 recommendations, 136 honor points.
Joined APSense since, September 12th, 2017, From NY, United States.

Created on Dec 15th 2021 08:13. Viewed 192 times.

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