Competition for college-student tenants is so fierce in some communities that landlords and property managers have perfected the practice of offering “lease swag,” or perquisites for students who sign rental leases.
From offers of a free month's rent, to gifts like flat-screen TVs, to free shuttle rides to campus, swag is limited only by a landlord's creativity. A landlord in one small Pennsylvania town that hosts a state university offers Beats wireless headphones – worth $500 – to all students who sign a lease agreement 18 months in advance of moving in.… Read More »
Schedule rental showings for the same day. This minimizes the inconvenience for current tenants, and allows the landlord to gather and process applicant information in batches rather than piecemeal. Book showings 15 to 30 minutes apart to allow each applicant time to tour and ask questions.… Read More »
The perfect tenant rarely just appears on your doorstep the day you're ready to start leasing your rental property. Typically, it takes some work to find the right person, or people. But, there are established steps that can smooth the process and remove some of the mystery involved in sussing out a good applicant.
Applicants will find your rental through word of mouth, an open house, or an ad or online listing. Have… Read More »