Posted on: 16 October 2017Share
Most property investors understand the benefits of using realtors to sell their properties, but many people don't know of the benefits of using realtors to find tenants. Here are some of the reasons you should let real estate agents help you fill your properties with tenants:
It Saves You Time
If you have never handled a rental property before, then you probably don't know how time-consuming it is to find the right tenant. You have to advertise the unit, communicate with prospective tenants and arrange for viewings, among other things. It is not easy to do these things while handling a full-time job. What if a prospect wants to view the house but they are only free when you are still at work? Using a realtor ensures that none of these things will be put off, helping you land a tenant faster.
It Increases the Pool of Potential Tenants
Real estate agents have access to a wide pool of tenants than regular homeowners. You will probably limit yourself to online listings and physical signs, but the realtor can do much more than that. For example, a typical realtor probably has, in their pool of clients, tenants looking for rentals as well as landlord looking for tenants. The realtor can refer a tenant to your property and help you fill the vacancy fast.
It Helps You "Sell" The Property
Looking for a tenant is not just about making people aware of a rental property's availability. You also need to convince them that the property has what they need and is the right one for them. They know the terms to use to make your house more appealing to prospective tenants. This is what "selling" involves, and a professional real estate agent is probably better at it than you.
It Helps You Better Screen Your Prospects
Lastly, a realtor can also help you screen for tenants. Sure, you can also screen tenants on your own, but the realtor probably has more experience doing it. It is easier for a con to trick you into letting them lease your house than it is for them to trick the realtor. An experienced realtor knows the red flags that will alert them when a tenant is hiding something.
Therefore, the next time you have a rental vacancy to fill, consider using a personal injury lawyer to fill it. You can also talk to the realtor for tips on how to maximize the income from your rental property.