New Landlords often need help with properly setting up their rental property business.
They need to know where to advertise their properties, what forms should be used, what legal issues to be aware of, and how to structure things in order to maintain a profitable business.
If you are a new landlord and need help with running your new business, then you are in the right place. Newbies, as I call them, often are overwhelmed with all that goes into being an effective and profitable property owner.
New landlords, Learn where to effectively advertise your rental property.
There are many ways and places to advertise your rental property. Some new landlords use the newspaper, while others will use “For Rent” signs etc., but there are better and cheaper ways to get tenants for your rental properties.
All available methods of advertising your rental property will get some kind of response. But, new landlords need to ask themselves this question. “What method of advertising will affordably bring in the type of tenants I want in my property?”
Some methods draw certain types of people; and others will draw a totally different type of person. You need to be able to target the right audience in order to get the right tenant.
In my experience, I have found that the news paper for instance brought the type of tenant that wasted my time. The first question they asked was “will you take less than your advertising”. If it wasn’t their first question, then when we got to the house to show it to them, that’s when the question of reducing rent came, and of course wasting more of my time.
Additionally, the cost of advertising in the newspaper was high when compared to other means.
We use one of the online advertising media such as Rentalhouses.com. There are others out there like this, simply do a search on the internet for “rental houses” and you’ll find a few.
One caution here; make sure that the company you choose provides you with a full webpage and allows pictures.
What makes the difference is that you now get a whole webpage to advertise your rental property. You also get to post pictures of the property, and the best part is that you can “sell” the property to the prospective tenants by “telling the story” if you will about the property.
New Landlords, can you see how you can now target the right people, and save you time and money?
The cost is roughly $50.00 to $75.00 for a whole month. The newspapers cost was approximately $300.00 for 3 days on the weekends for the month.
New landlords, keep an eye on your rental property while tenants are in the home.
When tenants are in your rental property how do landlords know that the tenants are not trashing the place? How do you accomplish this without breaking the rules so to speak.
If you are in the know, with some insider secrets, new landlords can accomplish this and even have the tenants thank them for it.
You can accomplish this with what I call the “Must Have” Addendum all landlords need to add to their leases.
By adding this “Must Have” addendum, and making it a part of your lease you will avoid 95% of problems that new landlords unknowingly create for themselves.
By adding this addendum, now you the landlord are in control of your property, not the other way around.
This addendum I speak of is an accumulation of all the money sucking problems we’ve experienced over the years. We addressed them within this addendum, and have seen dramatic improvements in our business since its implementation.
I highly suggest you get your copy of this addendum by purchasing my book “Secrets To Rental Property Management” you should modify it to meet your needs and state specific requirements. This Incredible, and Simple to Use, Proven landlords guide will help you save time, energy, and money! The addendum is only a very small portion of what is in this book.
You can get your copy by simply clicking on this link. “Secrets To Rental Property Management”
New landlords face many issues when first starting out. But with the right guidance, and a step by step process to follow, it can be an easy transition.
If you want your landlord business to be profitable right from the start, then you need to educate yourself and start off on the right path from the beginning.