Timing is Important
Generally, a tenant will give you a 30-day notice before moving out, providing ample time for you to market the soon-to-be-vacated unit. You may even show the unit to prospective tenants while the current one still occupies it, but to avoid any hard feelings, make sure the current tenant is properly notified.
Spread the Word Around
Take advantage of the personal connections you have in the rental community to get the message out about your vacancies. Obviously direct competitors are not likely to come rushing to your aid, but well-placed contacts on rental websites, real estate friends, and others can increase community awareness significantly.
You can even use social media to gain more exposure for your property vacancies. To cover all remaining bases, couple these efforts with professional help from property management companies, like Becovic Management Group, which can provide greater coverage in expanding your search for quality tenants.
Get the Help You Need
While it is understandable that property owners would want to be hands-on in choosing their tenants, sometimes it’s just more advisable to leave it to the pros.
When you have a property manager, however, you can be sure that your potential tenants will be screened more stringently, making things easier for you in the long run. Safeguarding revenues from your rental property is not just about managing the property and your tenants well; it’s also about knowing when to delegate the important tasks to someone who can efficiently handle them full-time.
A Marketing Guide for Filling Vacant Income Properties, Entrepreneur
How to Fill a Vacancy Quickly, About