As a Landlord it's important to know the character and financial stability of your prospective tenant. Qualifying tenants is crucial to your ROI as is having a competitive rent and property to assure quick turnaround of your vacant unit. Hiring an experienced full-time Realtor who specializes in your area and the rental market is the first order of business.
â€¢ A realtor has the knowledge and information of market trends and rental history to assist Landlord in not under or over pricing the rental. Proper pricing of the rental attracts a broader number and selection of Prospective Tenants.
â€¢ A Realtor should know how to market locally, nationally and internationally for prospective tenants as well as other real estate agents.
â€¢ A Realtor (not all real estate agents are Realtors) vet prospective tenants by obtaining a rental application that should include employment history, current and past landlord references, credit report, pay stubs and a thorough background and criminal check of prospective tenants.
â€¢ A realtor must know how to negotiate collaboratively with other agents in order to maximize rent and close the deal in the quickest time possible. Time is Money.
â€¢ By hiring 1 Realtor you will automatically multiply the sales force and get the combined efforts of hundreds real estate agents knowing or introducing your property to Prospective Tenants.
Certified Negotiation Expert
copyright 2013 Liz Kenneally