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:
Ep. 7: 6 Ways to Diversify Your Real Estate Portfolio
Diversification is a huge challenge for traditional real estate investors. Why? Because when each asset costs $250,000, and even down payments cost $50,000, you end up with an enormous amount of money tied up in each individual asset. Compounding the problem: most...
Ep. 6: Rental Properties & Marijuana: The Landlord’s Guide to Weed
Image Credit: Plantlady223 under the Creative Commons Attribution-Share Alike 4.0 International Do landlords have to worry about weed? Yes. But not necessarily for the reasons you think. Smoking inside your unit yellows the walls, leaves a gnarly odor, and can ruin...
Ep. 5: Credit in Recessions: Why & How to Protect Your Credit in Downturns
Credit can make or break your ability to invest in real estate. With bad credit, you'll have a much harder time borrowing an investment property loan — if anyone will lend to you at all. Recessions make it that much harder to keep your credit in tip-top shape however....
Ep. 4: Down Payment Hacks: How to Invest with Less
Yes, it takes money to invest in real estate. Your own money, not just lenders' money. But that doesn't mean you can't occasionally bend the rules. As you explore ways to get started investing in real estate without an enormous trust fund, consider some of the...
Ep. 3: Lessons from the ’08 Great Recession that Apply Today
Sure, every recession is unique. A snowflake. And there are plenty of differences between 2020's COVID-induced recession and the Great Recession of 2008-2009. But that doesn't mean we can't learn from past recessions, particularly one as recent as the Great Recession....
Ep. 2: Creative Financing for Investment Properties During COVID-19
Credit markets tightened up as COVID-19 seized the country (and the world). For real estate investors who rely on investment property loans to finance their property portfolio, that's a huge problem. So where can real estate investors turn for funds, in the grip of...
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