Real estate might be an exhilarating challenge, but it shouldn't be overwhelming. If the everyday demands of getting a tenant for your property feel overwhelming, it's time for a plan B.
Leasing-only services are a simple way to quickly get experts on the case and attract a tenant to your property efficiently and precisely. Here are five reasons you should choose a leasing-only service for your property in Richmond, VA.
1. You Get Local Market Knowledge
The best leasing-only services offer an in-depth knowledge of the local real estate market. They'll know about trending neighborhoods and average prices for different property types. They'll also understand the likely demographics interested in your rental.
These insights help you market your property and secure a tenant faster. They'll also be able to give you tips on the rental rate for your property based on current pricing trends.
2. You'll Get Comprehensive Tenant Screening
When you want to do a background check on a potential tenant, you need to do more than get a reference from a previous landlord. Getting dependable tenants means doing comprehensive checks.
That's where a tenant placement service can help. They'll have access to all the suitable databases to ensure you are thorough. That includes a credit background and criminal background check.
It also means inspecting employment information and proof of income.
3. Skilled Marketing Strategies
Knowing the current market trends gives you a head start in leasing your property. Nevertheless, the best way to secure a tenant is to learn effective marketing techniques.
Leasing-only services can provide that from day one. A leasing specialist will understand how to list a property online to get maximum views and what types of photographs and videos can help your rental stand out from the crowd.
They may also have local connections to help market your property, like access to notice boards.
4. It's Cost-Effective
When you own a property, you may also have your day job to consider. When you try leasing independently, you might find yourself pulled in different directions.
That's because you have competing priorities, and your time is often spent on other essential tasks, like searching for your next property.
From a cost point of view, it makes more sense to hire a team for property leasing services. They can dedicate the time to getting a signed lease on your behalf using established and streamlined processes.
5. They Understand Legal Issues
When finding a tenant, you do not want to trip over potential legal issues, like discrimination claims or data protection issues, when searching a tenant's background. That's why a leasing service can help.
They know the industry, the law, and how to do things correctly, saving you time, money, and reputational damage.
Leasing-Only Services: Taking the Hassle Out of Leasing
Securing a tenant for your property need not be a roadblock. Use leasing-only services to find high-quality tenants so that you can move on to your next investment.
Renters Warehouse is a leader in Richmond real estate and has been a trusted service for landlords since 2015. Discover more about our services here.
