Rental advertising does more than fill a vacancy–it can actually help you screen tenants. Using the principle “like attracts like”, a landlord can send a message that will resonate with the good applicants, and scare off the bad ones.
By setting the right tone, placing ads in the right places, and providing the right information, you can increases your odds of attracting the right applicants:
Consider Your Overall Image
If you use hearts, squiggly lines or smiley faces in your ads in an attempt to appear friendly, you likely will attract someone who has no respect for your authority as a landlord.
A sloppy, faded or only partly legible rental sign could land you an applicant who doesn’t like to clean — after all, you set the stage.
If you want a conscientious applicant who follows the rules, lead with an ad that looks crisp and professional –not one that cuts corners.
What Sort of Content Will Appear Alongside Your Ad?
You’ve heard of guilt by association. That principle can apply to ads. Before placing an ad in a publication, online service or community bulletin board, take a quick look at the overall content, and review the section where your ad will appear. Be mindful of the demographic the publication caters to and stick with the reputable services.
Let Tenants Prequalify Themselves
Newspaper ads are notoriously expensive, especially the ones that charge per character or per line. Landlords feel pressured to leave out pertinent information. The result: a barrage of calls from unqualified applicants. The more unqualified people who call, the more likely one will make it through.
You want to include enough content in an ad to filter out applicants who aren’t a fit. Include the price, the location, the size and the best amenities. Do not invite negotiations in the ad– leave that for one-on-one conversations. You can actually attract good tenants–and discourage bad ones, with a statement that you require a tenant background check and references.
If you can’t afford to get all that in a newspaper ad, consider other options. Many landlords have success with a simple, preprinted “For Rent” sign supplemented with a customized flyer. Weather resistant flyer boxes are cheap, and the see-through variety showcase any photos you might want to include. It’s easy to create a professional-looking flyer that contains all your necessary terms and sends the right message.
If you’ve had successful tenancies, find out from your tenants where they searched for ads. You can also ask tenants to refer friends, or if you own multiple units, promote an upcoming vacancy to existing tenants.
Special Rules for Online Ads
Applicants like online ads for a number of reasons. It’s easier to read ads online. Viewers can find a map and research the surrounding area at the same time. It’s also possible to view a large number of listings all at once, comparing prices.
Make sure your online ad is published into the right category and is easy to search. Your ad should include the keywords that an applicant would type in to do an Internet search –”Downtown Vancouver Apartment for Rent”, for instance.
Remember to let applicants prequalify themselves by including the price terms, size and location of the property.
Create some anticipation to get the applicant to act right away. That can be as simple as “call today” or ”just listed”. That may seem like sales hype to you, but it does work. Applicants who are serious about the rental search will call, and those who aren’t won’t.
There is a lot riding on your rental ads. Taking the time to attract the right pool of applicants can go a long way towards gaining a profitable tenancy.
This post is provided by Tenant Verification Service, Inc., helping landlords reduce the risks of renting with fraud prevention tools that include Tenant Screening, Tenant Background Checks, (U.S. and Canada), as well as Criminal Background Checks, and Eviction Reports (U.S. only).Landlord Credit Reports.
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Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.