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:
Hard Money Loan Requirements: Unconventional Financing Part 3
The Big Picture On Hard Money Loan Requirements: Hard money loans offer quick, flexible financing for real estate investors but come with high costs and strict requirements. If you need fast cash for a unique real estate project, hard money loans can close in days and...
What Is A Co-signer On A Lease And When Should You Add One?
The Big Picture On Co-Signers In Lease Agreements: A cosigner on a lease takes on the legal responsibility for paying rent if the tenant fails to do so. Cosigners benefit landlords by expanding the pool of potential tenants, especially in high-demand markets like...
Reverse 1031 Exchange Timeline & Rules
The Big Picture On The Reverse 1031 Exchange Timeline & Rules: Unlike a traditional 1031 exchange, where you sell a property first, a reverse 1031 exchange allows you to buy the replacement property before selling the relinquished one. To comply with IRS rules,...
Contingent vs Pending In Real Estate Explained
The Big Picture on The Difference Between Contingent vs Pending Real Estate: A "contingent" property sale depends on specific conditions, like financing or inspections, being met before the sale can proceed. A "pending" property means the offer is accepted, and the...
Single Family vs Multifamily Rentals: Which Should I Invest In?
The Big Picture On Single Family vs Multifamily Rentals: Multifamily often beats single-family for income, with built-in risk spread. Single-family homes are easier to fund. 2 to 4 units still count as residential, but 5 or more units need commercial loans. Both...
Property Management Duties and Responsibilities — A Checklist
The Big Picture On Property Management Duties and Responsibilities: A property manager can make managing rental properties easier by handling the daily tasks so you can focus on other things. Property managers find tenants, set rent, advertise, screen applicants, and...
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