As a landlord, maintaining tenants is the key to success. Without tenants, you will not earn a monthly payment for your property. That being said, without quality tenants, you may experience vacancy issues as well as problems with rent being paid on time or damage to the property. When investing in property within the state of Mississippi, it is beneficial to learn how to attract and keep quality tenants in order to ensure your success. Read on to see a few tips on how you can find and keep the type of tenants for your property needs.
Quick and Complete Tenant Screening
When searching for quality tenants in Mississippi, it is important to complete a thorough screening of the individual, but in a quick manner. When you offer a quality screening process, tenants will be willing to work with you and know that you keep things professional. You can easily lose a good tenant when the screening process is drawn out. The tenant will seek a rental elsewhere if they feel you are unprofessional or taking too long to complete this process.
Be Open and Honest with Potential Renters
Tenants looking for a rental property now what they want and expect. The best renters will come to you with questions and ask about rules regarding the property. When you are speaking with a quality renter that asks important questions, be open and honest with the individual. Don’t sugar coat or boast about things you cannot provide. You want to start a relationship with the tenant on the right foot, creating a sense of trust that will carry over if you choose the individual to rent your Mississippi property.
Charging a Reasonable Rent
In the state of Mississippi, there are several cities that are sought after when it comes to rental properties. This can be along the coast in Biloxi or within Gulfport or Jackson. You can be quite successful with renting residential or commercial properties in these areas as well as within other sections of the state. However, no matter how popular the location of your property, it is essential that you charge a reasonable rent.
If you charge too low, you may attract renters who are looking for a short-term solution. If you charge too high, you may remove the potential to attract individuals who will be responsible and rent your property for the long term. The goal is to find a balance, where you attract quality renters who can afford your price point and will want to rent your property. Take into consideration the location as well as what your property provides, along with nearby amenities.
Advertise to your Preferred Client Base
Advertising has become a much simpler process these days, especially with social media options. To attract quality renters, you want to advertise accordingly. By advertising online via social media sites or via a city website, you have the ability to attract renters who are seeking out your type of property. Do you have a property for college students? Post your ad at the local college or other avenues in order to attract this demographic. Think about the type of renter you are seeking, then find ways of advertising to reach out to that group of individuals.