Vacancy Advertising & Tenant Screening
Want higher ROI on your rentals? Fill your vacant rental unit with the best possible renters, ASAP.
Have a vacant rental unit on your hands?
Vacancies are expensive, and they’re time-consuming to fill. Lucky you! But unless you want to be right back in this position in six months, an eviction later, get it right the first time.
Advertise on multiple rental listing websites. Give every person who expresses interest a rental application (ours is free, emailable and e-signable – hint hint).
Then run tenant screening reports on all applicants. Get a full credit report, nationwide criminal background check, and nationwide eviction report. Have the applicant pay the fee for these (our screening reports can be charged directly to the applicant).
Then it’s calls, calls calls. Supervisors. HR departments. Personal references. Current landlords. Prior landlords. If that sounds like a lot of work, it’s nothing compared to unpaid rent, serving eviction notices, filing in rent court, appearing in front of a judge, meeting the sheriff at the property, and then spending thousands of dollars to get the property back in rental shape.
Here are a few fundamental articles to get you started, and from there, you can explore our other articles in the Advertising & Tenant Screening category to make sure you get the perfect long-term tenant, every vacancy!
“Required Reading” – Start Here First!
Still hungry after eating those up? Well, we won’t let you down. There’s plenty of rental advertising and resident screening articles to sink your teeth into!
Full Library of Advertising & Tenant Screening Articles:
Least Landlord-Friendly States: Top 10 in the US
The Big Picture on The Least Landlord-Friendly Cities and States: Many cities and states have implemented strict eviction processes, making it harder and more time-consuming for landlords to remove non-paying or problematic tenants. Eviction bans, long court delays,...
Home Loans vs. Investor Loans: The Ultimate Guide
The Big Picture on Home Loans vs. Investor Loans: Investment property loans tend to have higher interest rates than home loans, typically 0.375% to 0.625% more, due to the higher risk for lenders. Investment property loans demand larger down payments, often between...
Real Estate During a Recession – How Stable Are Rental Properties?
The Big Picture On Buying Real Estate During a Recession: Real estate, particularly rental properties, tends to be more stable during recessions compared to other investments. While home values may dip slightly, rents remain steady, and demand for rentals can even...
Passive Income Real Estate Strategies for 2024
The Big Picture On Passive Income From Real Estate: Many strategies are designed for investors seeking minimal involvement, offering ways to generate income without actively managing properties, including rental properties, syndications, REITs, storage facilities,...
Tax-Sheltered Real Estate Accounts: Make Your Kids Rich by 18
The Big Picture On Tax-Sheltered Real Estate Accounts: Setting up a self-directed Roth IRA for your child with annual contributions as early as age 14 allows for tax-free growth and the power of compounding. Even with modest contributions, the account can grow...
Leverage in Real Estate: How Does It Help Investors?
The Big Picture On Using Leverage In Real Estate: In real estate, leverage allows investors to purchase properties using borrowed money, typically putting down only 20% of their own cash. Using leverage can amplify returns. For example, a $200,000 property bought with...