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:
How to Use a VA Loan for an Investment Property
Real estate investing requires money, and usually more than we like when buying an investment property. Fortunately, you can leverage other people’s money to buy our own assets. But navigating the world of investment property loans is stressful and oftentimes...
Taxes on Passive Income & How to Minimize Them
The Big Picture On How To Minimize Passive Income Tax: Passive income is taxed differently depending on the type - dividends, interest, rents, capital gains, business income, and royalties all have specific tax rules. Rental real estate income can be offset with over...
NOI in Real Estate Investing: Net Operating Income Explained
Key Takeaways: Net operating income (NOI) shows a rental property's profitability after deducting operating expenses. It reveals how much cash flow an investment property can generate. The NOI formula is simple: Take gross operating income and subtract operating...
10 Ways to Find Distressed Properties as an Investor
Key Takeaways: Distressed properties, neglected or abandoned due to financial struggles, provide investment opportunities for buyers to acquire, renovate, and profit from renting or selling. Categories such as Foreclosure, REO, Short Sales, Auctions, Bankruptcy Sales,...
How to Hedge Against Inflation with Real Estate Investments
Summary: Real estate tends to appreciate at the same rate or faster than inflation over time. Property values and rental income often rise as prices increase, making it the best hedge against inflation. Unlike stocks or bonds, real estate provides tangible assets that...
Mortgage and Rental Income: How to Finance Rental Properties When You’re Self-Employed
Financing real estate investments can be tricky when you're self-employed. Lenders look for consistent income, which is harder to show without a W-2. But getting a mortgage is very doable with the proper documentation verifying your earnings, plus preparation and...