Property Management – West Hills

Property Managers and Advertising Your Property

If you asked 100 rental property owners what is the most important component to being a successful rental property owner, the answer would not be surprising. Most all would agree that finding tenants, moreover, finding good tenants would be the most important aspect of being a property owner. While you may have some discussion as to the importance of finding tenants, the work that goes into finding suitable tenants can be simply overwhelming.

Perhaps you have tried renting out your properties yourself. Perhaps you have run classified ads in various newspapers and real estate publications. Then you know how time-consuming, aggravating, and tedious the process of answering calls from prospective tenants can be. This should be the primary focus of any property management company that you decide to employ. Property managers often have resources that the average property owner does not have .

Advertising Your Property

There are dozens of advertising options that you can consider as a property owner. It should also be said that you should never employ any of these options yourself. This should be the responsibility of your property manager. Obviously using the Internet gives you and your property more exposure than most any other option available today. Having the capability to reach your target audience on the Internet should be a priority when you are considering which property manager to hire. However, proper advertising of your property is simply not posting a listing and putting a sign in the yard.

Here is a list of considerations when it comes to advertising your property properly.

What kind of tenants are you looking for?

Obviously you want the kind pay their bills on time, however, there is more to it than a simple credit check.

What kind of demographic is important to you?

The demographic that a particular potential tenants fits into is important in determining their suitability for your property. Not all tenants are created equal. Is your property geared more toward the high-end consumer? If so a property manager can help you reach that market more quickly and easily than you can.

How serious is your perspective tenant about renting your property?

As with any business, prospective tenants can be “buyers” or lookers. A good property management company will be able to tell within a few interview questions whether or not this person is a serious contender for your property. Also as with any business, time is money and you don’t need to waste your time on prospective tenants who only want to survey the market, or get decorating ideas by looking at numerous properties.

Tenants who use property managers to find property

Did you know that prospective tenants that use professional property management companies to help them locate a San Fernando Valley rental Property for themselves or their families are more likely to be the kind of tenants you are looking for?  Think about it. Prospective tenants who are looking for a deal or a bargain are more likely to browse the classified ads and neighborhood publications.  Do yourself a favor and hire a property management company to manage your rental properties and relieve yourself of that headaches and stress of dealing with prospective tenants. You will be glad you did.