The key to finding good tenants in Portland is to advertise widely so you have a large pool of potential renters from which to choose. Most tenants are looking for homes online, so having a strong Internet presence is especially important.
When you work with a professional property manager, you’ll have access to that company’s website. This will be a valuable resource for finding great tenants. You can also list your home for rent on sites such as Craigslist, Zillow.com, Trulia.com, RentalsHomePlus.com and Rentals.com. There are dozens of large websites featuring rental homes that will allow independent landlords to post a listing.
Develop relationships with relocation companies in the Portland area. They are always looking for ideal homes that they can show their clients who are coming to Portland from other parts of the country. Take advantage of any hospitals, schools or community centers that are near your rental home. You can post an ad on bulletin boards with a nice flyer that includes pictures and information about your property.
After you market your home and you have people who are interested in renting it, make sure you have a thorough and consistent screening process in place. Provide written criteria to interested applicants so they know what you are looking for in a tenant. It’s a good idea to establish credit requirements and you’ll also want to look at criminal reports, employment history and income documentation. Call previous landlords and confirm the applicant’s identity.
Hire a Leasing Service
You can find property management companies that will take care of finding you a great tenant. This is an excellent opportunity for landlords who want to do most of the property management themselves, but need a little help locating a reliable tenant who will pay rent on time and take care of the home. Using the leasing services of a property management company, you will have professionals who take care of the advertising, showings, screening, lease negotiation and move in inspections. You won’t have to pay an ongoing management fee, but you will have the peace of mind that your tenant is qualified and responsible.
Finding a great tenant is an important part of your success as a landlord. Contact Moore Property Management if you have any questions or you need help locating and placing an excellent tenant for your rental property.