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:
Should Landlords Rent to Illegal Immigrants? Unbiased Pros & Cons
*Note on Terminology: Conservatives and liberals can’t even agree on terminology, with conservatives using the pejorative “illegal aliens” and liberals using the cuddly “undocumented immigrants.” We’ll split the difference here and use the term “illegal immigrants,”...
How to Finance Rental Properties When You’re Self-Employed
Yes, getting a mortgage for a rental property can be tricky for the self-employed. But as a self-employed entrepreneur, you do harder things every day. If you want passive income and financial freedom sooner rather than later, leveraging other people's money is the...
How One Couple Moved Abroad & Retired by 30 with Rentals
I met Ashley Thompson in a Facebook group of Mustachians. No, she doesn’t have a mustache. She, like tens of thousands of people around the world, has embraced the financial discipline and minimalism preached by Mr. Money Mustache. (His blog remains one of the best...
11 Pros Reveal What They Wish They Knew About Investing
Real estate investments are expensive, even if you finance them. That means mistakes are expensive. I already shared some of the real estate investing lessons I wish I’d known when I was just starting out. So I figured I’d open it up to other professional real estate...
20 Questions to Ask Before Starting the Rental Application Process
Time is worth more than money. You can always earn more money, but your remaining time on this earth is limited – and more so every minute of every day. Which is probably why you became a landlord in the first place: to build passive income. And if you’ve been around...
How to Calculate Rental Property Cash Flow: Know Your ROI Before Investing
I cringe every time I hear a new rental investor say “Well the mortgage payment is only $1,000, and the rent is $1,300, so that’s a $300/month cash flow!” Sound the air raid siren, because that investor’s dreams are going to end in flames. How to calculate rental...