Tenant placement service — What is it and how can you benefit?
If every property manager could agree on one thing, it would be that one of the greatest challenges of owning a rental property is finding the right tenants. Tenants can essentially make or break your property management experience and many have unfortunately found that out the hard way. From breaking the rules, to causing property damage, to simply not wanting to move out at the end of a term, landlords all over have stories to tell about bad tenants.
Whats are tenant placement services?
Tenant placement is a service where someone else takes care of finding tenants for your rental property and often includes the entire process from screening, to site visits, to document signing and obtaining the deposit and required information.
Tenant placement services replace the need for the landlord or property manager to find the right tenants by offloading the work to an individual or company that specializes in the matter.
Much like there are advantages to hiring a property manager, tenant placement services have a lot to offer.
Advantages of using a Tenant Placement Service
Let’s take a look at some of the top reasons to consider a tenant placement service for your rental property business.
Lower the risk of bad tenants
The most obvious reason to consider tenant placement services is weeding out the bad tenants. With years of experience, we can recognize potental “high-risk” tenants easily. From the extensive application process to the background checks, we can identify the right tenants for your rental.
You won’t do any paperwork!
One of the most tedious tasks about finding tenants is the backlog of paperwork that comes behind it. Tenant placement services will take care of all the applications and forms, filing and even handle the deposit process.
Keep your tenants longer
When potential tenants deal with a professional services to find their rental, it increases thge service delivery and professional aspect of your business. Happy tenants will stay longer if they know they can trust their landlord and have reliable communication in the application process.
Conclusion about using a Tenant Placement Service for your rental business
Tenant placement services save you time, money and requires next to no effort!
When you use a tenant placement service you are essentially finding tenants in your sleep. We handle everything from start to finish and help you find the right people for your rentals.
