1. Hang a “For Rent” Sign
Even when most renters these days use the internet to look for available rental properties, nothing can truly take the place of posting a “For Rent” sign in the yard. Simple, inexpensive, and yet effective, setting up signage in the front of the rental property can successfully draw in prospective tenants who are seeking for a rental home in specific neighborhoods or near certain amenities.
2. Rental Websites
If, as it happens, you are advertising your rental property, you have to post it on one or several rental websites. Studies indeed show that the vast majority of renters in all age groups start their rental property search online. The more visible your property, the larger the pool of applicants.
3. Social Media
Together with rental websites, social media presence is critical to effective advertising. People do spend a lot of time on social media, and to get to them, you must have the detailed info of your available property circulating there as well. Social media likewise has the significant advantage of being shareable, and people will frequently forward posts about available properties to people they know are looking for a new home.
4. Classified Ads
Depending on your target demographic, classified ads may prove more successful and effective at drawing prospective tenants to your property than other recognized methods. There are countless inexpensive options to advertise in like local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). That’s why knowing where your ideal tenant goes to get information for rental homes can help you to be much more strategic concerning placing your advertisements for maximum visibility.
5. Word of Mouth
Advertising professionals know for certain that few modes of advertising are as effective as word of mouth. Once you have a property that is available for rent, you have to tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Print up some flyers and carry them with you each time you go out. When possible, offer a referral fee for an added incentive. Acquiring a network of personal contacts and a desire to engage with the public can be very essential to discover your next great tenant.
At Real Property Management Heritage, we take care of advertising and leasing rentals for you. Call us at 832-449-5263 or contact us online to discuss strategies we implement in our rental property management plans!