Tip #148: Party Animals!
One of the best ways to find new tenants is to get referrals from existing ones. If a tenant who is moving on can find a suitable replacement, that saves money!
If the tenant is staying, but wants their friends close by, that’s even better -tenants who know their neighbors are more likely to re-up at the end of the lease.
As the weather warms up, take some of the money you were going to spend on advertising vacancies and throw a little shindig for the tenants. Offer some incentive for them to invite their friends. It’s a great way to attract new tenant prospects, and it’s a great perk for your well-behaved tenants.
Let 2012 be the year of the tenant waiting list!
See last weeks 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.