You own a great piece of Austin real estate in a prime location. Thanks to the high demand and rent increases, there's no better time to rent it out. There's only one problem.
Tenant placement. How do you find the ideal tenant for your property?
You can make the process easier by using tenant placement services. Learn more about screening, placement, and property management and maximize your investment with these benefits.
1. Professional Marketing to Find New Tenants
There are many advantages to investing in Austin real estate. However, creating eye-catching and compelling ads for those properties isn't easy, especially if you're new to marketing.
You need to attract the right tenants and highlight the best features of your property. You might only have one chance to make a first impression and capture the attention of your ideal tenant.
You also need to know how to reach out to your target market, including what interests this demographic. Often, this requires having a solid understanding of marketing and content writing.
2. Thorough Application Screenings
The last thing you need is to place a tenant in your property only to realize they're not the right fit later on. Late rent, damages, and evictions are all issues that take up your valuable time and money.
That's why it's crucial to get the right applicant in your property the first time. An application screening reveals information about an applicant's rental history, credit, financial situation, background checks, and much more.
When you use a tenant placement service, the property management group handles all this for you. So, you can rest easy knowing you're getting the best fit for your Austin rental.
3. Spot Red Flags
One of the biggest benefits of professional tenant placement is that a thorough application screening sorts out applicants that wouldn't be a good fit for your property.
For instance, maybe they're not in a great spot financially, or they have a history of not paying rent on time. Maybe they have a dog, and you have a no-pet policy.
Tenant screening and placement through professional property management firms spot red flags and potential issues.
Sometimes, a follow-up interview can tell you more about an applicant's situation, and you might be able to come to an agreement. In other cases, you can move on to the next applicant. Either way, it's all part of the tenant placement services.
4. Eviction Assistance
If there are any issues with a tenant despite a professional screening, you can also enroll in eviction assistance. If a recommended tenant stops paying rent, an eviction assistance program will find the tenant, collect late rent and fees, and handle court costs.
This can give you added peace of mind that no matter what happens, you'll be protected.
Invest in Professional Tenant Placement
There are many benefits to using professional tenant placement through a property management company. Tenant placement involves much more than simply finding the right applicant, and you can experience all these benefits for yourself if you invest in management services.
At HomeRiver Group Austin, we want to help you make the most of your rental. Get started with our rental investment analysis tool or schedule a consultation to see how we can help.
