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:
Sequence Risk, Retirement & How Rentals Save the Day (Again)
Thought 1: “I think I could retire on what I have invested right now! Woohoo!” Which is quickly followed by Thought 2: “But what if the market crashes the day after I quit my job?” My mother and step-father are in the midst of this conversation right now. That...
Marginal Gains: The Path to Real Estate Superstardom
How bright is each of those Chinese lanterns above, by its lonesome? Not very bright. Around what a second-rate pulp novelist might describe as "a dull glow." But standing in that crowd, with a thousand lanterns in the air above you? I bet you could see just...
Maximizing Profits: Understanding Tenant Turnovers & Costs
What's the #1 profit killer for landlords? You guessed it - tenant turnovers. Between repairs and property upgrades (new paint, new carpeting, etc.), vacancy costs, advertising costs, time spent showing the property, and of course fixing any...
Top Cities for Investors: Economic Data Reveals Best Picks
Last week, WalletHub released an outstanding set of data ranking hundreds of U.S. cities based on 15 economic indicators. As a real estate investor and writer, that perked my ears right up. What cities are seeing a surge in demand? Where are jobs sprouting up, incomes...
Are Rents Collapsing in Major Cities?
As a real estate investor, you’ve probably wondered “What happens if housing markets collapse?” It’s one of the biggest fears and questions we hear from our passive income students. One answer is that it’s uncommon for real estate values to go down – it happens...
What’s More Important, ROI or Savings Rate?
What has a greater impact on your wealth, your savings rate or the returns you earn on your investments? A recent analysis by Pension Partners offers some decisive proof that savings rate trumps ROI, demonstrating that discipline matters more than clever...