If you are like most landlords we know, you want to find good tenants for your rental property in San Antonio TX. After all:
- An excellent tenant pays rent on time.
- High-quality tenants inform you promptly of maintenance needs.
- Fantastic tenants leave your property just as lovely as it was when they moved in.
- A great tenant will often stay with you for years, creating a lasting impact.
- Not having to find new tenants affects every element of your investment!
That being said, getting those five-star tenants can be a challenge! Here are some strategies to get a great set of tenants and keep them long-term.
Advertise for Tenants Online
One thing to think about is where you get the most views for your money when you advertise online. It’s a great idea to start tracking where you find good tenants for your rental property in San Antonio TX. After all, particular message boards and rental finding apps may yield an excellent pool of tenant applications. Great tenants are doing their due diligence to find you as well, and many of those tenants use the latest technology.
Research which ones are in fashion right now: by using the most popular online rental platforms, you get seen by more of the tenants you want to find. If there are other effective methods to advertise in your particular neighborhood, make sure you take advantage of both internet and analog methods of advertising.
Earn Professionalism Points with a Property Manager
One way that rental properties get across to good tenants is through your property manager. If you work with a property management firm, the tenants have the advantage of seeing professionalism and security right out of the gate. The property manager will stake his or her business reputation on their service to your tenants. This fact is why working with Real Property Management Campanas is such an asset for our owners. Our credibility acts as an umbrella over your investment, which helps your investment property grow in value long-term. A healthy property yields excellent tenants!
Make the Amenities Count!
Working with a property manager when you want to find good tenants for your rental property in San Antonio TX typically means you also have access to enhanced amenities. Real Property Management Campanas, for example, offers an online portal to tenants. Our online portal is an amenity that can make moving into your property more attractive. From our website, they can:
- Pay rent
- Get information about fees and leases
- Request maintenance quickly—day or night.
The other amenities you offer will have a significant impact on who applies for your property. They want to know that they are getting the best value. When your property listing makes it clear that this property has all of the boxes checked, you are more likely to get those high-quality tenants you desire.
Analyze the Rental Market When Setting Rates
One of the most significant factors for most renters is the rental rate. Your price might be high, for instance, but perhaps your rental is luxurious and has considerable amenities compared to the competition. Maybe your rate might be low—but you are competing with many other property owners in a rental-rich market. The key to setting an excellent rental rate is a rental market analysis. You need to figure out what the experience of a renter is in your area:
- Are there very few options or lots?
- Are the prices inflated because your home is in a desirable metro area?
- Are there mostly older rentals, and yours is newer or updated?
Notice the things that make your rental both better than average and—being honest—less advantageous than other rentals. These two columns help you adjust the rates that comparable properties are charging to fit where you definitely should be.
One smart thing to remember is that having too few tenant applications is a problem—but so is having too many. Lots of applicants for an underpriced rental tends to mean you are leaving money on the table, and you are wasting time sifting through applications. Too few applicants, of course, may mean no one in the pool is suitable, or they are applying for something that is somewhat out of their price range. A just-right rental rate will get you an adequate but not overwhelming number of tenant applications.
San Antonio Property Management Works for You
It’s not a cakewalk to find good tenants for your rental property in San Antonio TX, but it is doable. It gets much easier when you have the experienced staff of Real Property Management Campanas on your side! With us as your property management company, you’ll be guided through each step of the tenant application process and will benefit from our experience. We work to make every property look and feel its best to draw in the maximum number of highly qualified tenants.