Landlord Quick Tip

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Tips #156: I’m Over Here!

If you are lucky enough to have a rental property located on a bike or pedestrian path, then you probably have little trouble finding new tenants from your for-rent sign alone.

That’s because, statistically speaking, 50% or more of rental traffic typically comes from the for-rent sign outside the property.

If you’re not seeing that sort of return, consider whether you are just a little too far off the beaten path for bicyclists and walkers who may be interested in moving to the area. If that’s the case, you may have to work a little harder. Try placing another for-rent sign on a nearby corner, directing traffic down your street.

See last week’s Landlord Quick Tip.

American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.