Great tenants are one of the things you must find if you want a headache-free landlord experience. Quality tenants will pay on time, care for your property, and avoid causing problems.
But finding quality renters takes a lot of work and is not easy to do without experience, which is where a leasing only service helps. Let's look at how to find a service for outsourcing tasks to find tenants.
Look for Property Experience
Renting a commercial and residential property takes a different skill set. The same is true for the different property types. The problem is that some leasing services may not have experience with your property type.
Examine a service carefully to see what type of properties they specialize in. Ensure they have a history of successfully placing tenants in your property type.
Verify Local Experience
What people expect in one area may differ from other ones. Each location is unique, so a leasing agent who does well in one place may struggle in an area if they don't know it well.
To counter this problem, look for leasing services with experience in the area where you own property. They will understand what people look for in those areas and help you promote your property to get quality tenants in those areas.
Examine Relevant Licenses
As a property owner, you want to ensure you work with other professionals with the right experience. But it isn't always possible to determine this with a short conversation. The good news is that you can check for experience by looking at a leasing agent's licenses and certifications.
There are a few common things to look for:
- Leasing license
- National Apartment Leasing Professional (NALP)
- Building Owners and Management Association (BOMA)
These licenses and certifications require agents to spend time learning and taking tests to prove their skills. They are a great way to filter your choices to more qualified candidates.
Verify Communication
Great communication is one of the most vital things to look for in a leasing service. You rely on them to be prompt when communicating with potential tenants and yourself. If they aren't communicative, you'll miss great tenants.
Ask about an agent's communication methods before hiring them. Ensure they have quick turnaround times and that they will keep you updated on the status of any leasing activity.
Ask About References
You must look for more than a leasing service's word that they can do a great job. As a real estate investor, you may not know what to look for when looking for leasing agents and miss red flags that make a leasing service not worth hiring.
You can make a more informed decision by asking people who have been in your position before. Ask for references from a leasing service's past clients to learn more about their experiences.
Hire the Best Leasing Only Service
A great team is one of the most essential parts of running an investment property business. And part of that is having people available to find quality tenants. To get that, you need a great leasing only service.
At PMI Property Alliance, we offer leasing services and other vital property management functions, such as accounting, maintenance, and others. Contact our team today to learn more about our services and how they can help you manage your rental properties in Orlando.
