A vacant property is just like a pimple on the face- you just cannot ignore it. It’s all that you think about when it’s around, and you feel so relieved when it’s gone. Such properties cost you money every day if it is vacant.
This fact bothers you whenever you see someone clearing bills by renting properties.
You want to be that person. So, you post rooms for rent on various platforms/websites. You set up your listing, click amazing pictures of the property and post it. You know for a fact that you will find tenants as these portals are known to give you sure-shot results.
You sit down to relax now as you have put your property out there in the rental market. You are expecting a lot of crowd to your property. After some time, you realize there is no crowd. Where did you go wrong?
The only mistake you made was to think that the process was over after posting your property listing. But the truth is, the actual process begins after you post the listing of your space.
Here are six vital things to do after you post rooms for rent online:
Table of Contents
1. Attend to your property
Your property must be in the same condition as it is in the pictures of your property listing. Nobody likes a liar. So you must post the most recent pictures of your property when you post rooms for rent. Fix the issues you think might cause even minor trouble to the tenants, problems like a pipe leakage or a broken glass, etc.
Update and highlight the changes you made recently to the property in the listing if it is a significant upgrade to the property. Significant changes might include new flooring or any other major renovations.
2. Put out a sign
It might sound cliche but put out a “for rent” sign as you never know what might work. There is no doubt that you will find tenants after you post rooms for rent online. But, sometimes, it is better to take all the chances you can to find your tenants. Putting out a sign in front of your property might attract local traffic. There is a chance that they might be looking for a room, or maybe they refer it to their friends, you never know.
3. Word of Mouth & Social Media
If you previously had tenants, you could ask them for word-of-mouth referrals to your property listing. It might sound like a lot of hard work, but it can do wonders for you.
People heavily rely on and are influenced by referrals. You could also post rooms for rent on social media to help you find tenants that you already know. Background checks could get a lot convenient.
4. Know your competitors
This might be the most crucial step to becoming the top priority rental in the neighborhood after you post rooms for rent. You must know what your competitor rentals in the area offer: the rental price, the accessibilities, the amenities, etc. It will help you determine how to improve your listing to make it more attractive to the tenants. The more outstanding your listing is, the more crowd will show up at your open house.
5. Take time but make the right choice
Many people might show up after you post rooms for rent online, but you mustn’t jump into decisions. You might feel tempted to fill up the vacancy quickly. But, you must follow your standard screening process for every potential tenant. You do not want to end up having a bad tenant who ends up costing you a lot of money. Even getting a lousy tenant evicted might take up more than two months, so you must select quality tenants even if it costs you a little more time.
6. If you already have tenants
Some of you might presently have tenants who are about to vacate your property soon. You must give them notice beforehand that would state that you will be showing the rental unit to the prospective tenants in the coming days. The state laws allow you to do so as long as you provide the tenants with proper notice.
You do not want a stir when people are at your door to see your property, but your tenants are adamant about not allowing them.
Your life would get a lot easier if you follow these simple yet convenient methods after you post rooms for rent online. Good Luck!
