5 Rental Property Marketing Strategies to Find Renters Quickly
Marketing Tips to Help You Rent Your Property FastThe real estate market has become increasingly competitive where property managers need unique strategies. With the evolving market, your marketing strategies should also evolve, or else you might find yourself with a longer vacancy than anticipated.Here, we offer five novel strategies to help attract new tenants to your property.
1. Offer Tenants Incentives for Referral
There is no better mode of marketing than good old ‘mouth publicity’. Your potential tenant would rather trust their friends or someone they know rather than some ads. Offer your existing tenants some lucrative incentives such as free maintenance or a cash bonus if they refer their friends for your rental property.
2. Get Acquainted with Property Management Software
Rental property management can be challenging, especially if you have multiple properties. Therefore, you need dedicated rental property management software to help you streamline your marketing and management efforts.Depending on your property’s nature, property management software provides you with various facilities like property listing, facility booking, ticketing, etc. Some rental property apps also have tenant screening capabilities to enable you to select high-quality renters.Many property managers leverage such software to actively manage their room bookings, maintenance work orders, online payments, etc.
3. Market Online
There is a massive market for rental properties online that allows you to market your property free of charge. Use property listing syndication networks that distribute your listing on multiple property portals, with you having to enter the information only once. But before you enter your listing, make sure to have a well-crafted property description ready that can grab the attention of potential renters.Another way to increase your exposure is by using paid social media ads. The paid ads can help get your message to those audiences who aren’t already in your network. Apart from listing sites and social media, you can also try online newspaper ads. While people’s reading habits have shifted online, the concept of classifieds still prevails.
4. Take High-Quality Photos and Videos
Along with a great description, you also want to incorporate high-quality pictures and videos that instantly catch the eye in your online marketing campaigns. Try to include multiple well-lighted images showing each room, kitchen, and bathroom from various angles. Even better is a 3D picture or video recording that can give your tenants a nice virtual walkthrough of your unit.
5. Promote Your Property with Real Estate Agent
Generally, real estate agents understand critical tidbits of this industry as they routinely interact with property developers, tenants, landlords, property managers, etc. Marketing your property with local real estate agents can come in as a handy strategy to get better tenant exposure, speed up the renting process, and list your property at the right place.
Marketing your property can be challenging, but you can easily reach your target audience and turn them into long-term tenants with the right strategies. All you need is a property management company like TheHouseMonk that enables you to quickly fill your vacant properties and efficiently manage all the operations. So, connect with us and see your rental estate business grow to new heights.