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5 Ways To Find New Woodridge Tenants

Open House Ad in Newspaper ClassifiedsOne of the most common challenges for Woodridge property owners is finding a quality tenant. So much depends on renting your property to someone who will not only pay their rent each month and on time, but who will also take good care of the property. You can try these five great ways to get that ideal tenant for your rental property. As a whole, these methods may help you keep your vacancies short and the rental income flowing.

1. Hang a “For Rent” Sign

Nothing can truly take the place of posting a “For Rent” sign in the yard even when most renters these days use the internet to scout for rental properties. Simple, inexpensive, and yet effective, a sign hung in front of the rental property helps draw in prospective tenants who are scouting for a home to rent in specific neighborhoods or near certain amenities.

2. Rental Websites

If you are advertising your rental property, it helps to list it on one or more rental websites. Several studies have shown 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

Social media presence is critical to effective advertising as well. People spend a lot of time on social media, and it would be a great advantage for you if you have information about your available property listed there, too. Social media also has the significant advantage of being shareable.  Because of this, people often forward posts about available properties to people they know are looking for a new home.

4. Classified Ads

Classified ads could be an effective way to draw prospective tenants to your property, depending on your target demographic. There are a variety of inexpensive options to advertise in, such as local newspapers, online classified ad websites, and even community bulletin boards (both physical and online). You can strategically place your advertisements for maximum visibility once you know where your ideal tenant goes to get information about rental homes and properties.

5. Word of Mouth

Advertising professionals profess that few modes of advertising are as effective as word of mouth. Whenever you have an available rental property, you should tell people about it. Friends, family members, neighbors, and fellow property investors can all be beneficial in spreading the word. Prepare some flyers and give them to people you meet wherever you go. Offering a referral fee for an added incentive is also a great way to get the word out. Having a network of personal contacts will help you find your next great tenant especially when you also engage with the public in a significant way.

At Real Property Management DuPage Preferred, we take care of advertising and leasing rentals for you. Call us at 630-427-2200 or contact us online to discuss strategies we implement in our rental property management plans!

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.