Owning a rental property is a great investment, but finding and keeping high-quality tenants is often the biggest challenge for landlords. The right tenants pay rent on time, take care of your property, and follow lease agreements. But how do you attract reliable tenants and keep them for the long term?
In this blog, we’ll share expert property management strategies for filling vacancies quickly and ensuring tenant satisfaction.
Step 1 – Market Your Rental Property Effectively
Use High-Quality Photos & Videos
First impressions matter! High-quality images and virtual tours make your listing stand out and attract more applicants. Listings with professional photos get 40% more responses than those with low-quality images.
Write a Compelling Listing Description
Your listing should include:
•The monthly rent and security deposit
•Key amenities (washer/dryer, parking, etc.)
•Nearby schools, parks, and attractions
•Your pet policy and lease terms
Advertise on Multiple Platforms
To maximize exposure, list your property on:
•Zillow
•Realtor.com
•Facebook Marketplace
•Craigslist
•Local property management websites
Step 2 – Implement a Thorough Tenant Screening Process
Require a Rental Application
A detailed rental application helps filter out unqualified applicants. It should include:
•Income verification (3x the rent is a good rule)
•Employment history
•Rental history and references
Run Background & Credit Checks
Check for:
•Eviction history
•Criminal background
•Credit score (aim for 600+)
Step 3 – Keep Tenants Happy & Reduce Turnover
Maintain Open Communication
Respond quickly to maintenance requests and ensure tenants feel valued. Happy tenants are more likely to renew their lease!
Offer Lease Renewal Incentives
Encourage long-term tenants by:
•Offering small rent discounts for early renewals
•Upgrading appliances or flooring
•Allowing minor customizations (paint, shelving, etc.)
Conclusion
Finding and keeping quality tenants requires effective marketing, thorough screening, and great communication. By implementing these property management best practices, you can reduce vacancies and maximize rental income.
Need help managing your rental? Contact BRS Property Management today!
Metro Detroit’s Trusted Property Managers
Call: 586-932-2660
