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How do you show your property to potential tenants?

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Showing your property to potential tenants is a crucial step in the tenant screening process. It gives you a chance to highlight the features and benefits of your rental unit, as well as to assess the suitability and interest of the applicants. However, it also requires careful planning, preparation, and execution to make a good impression and avoid common pitfalls. Here are some tips on how to show your property to potential tenants effectively and efficiently.

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Peter Lohmann

News & insights for property management business owners. Policy > Process > Tech
Ruthanna Young

Real Estate Agent @ KUAVO Cayman | BBA, Client-Focused, Real Estate Sales & Communications Expert.
Hilmi I??k?ren

Süre?te Ustal?k, Sonu?ta Zirve | Uzman Emlak E?itmeni ve Mentor | Her ba?ar? hikayesi ustal?kla yaz?l?r; sekt?rde 27…

1 Set the right price

Before you advertise your property, you need to do some market research and determine the optimal rent amount for your unit. You want to attract qualified and reliable tenants, but you also want to avoid vacancies and turnover. To set the right price, you should compare your property to similar units in your area, taking into account factors such as size, location, amenities, condition, and demand. You can use online tools, local listings, or professional appraisals to help you with this task.

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Peter Lohmann

News & insights for property management business owners. Policy > Process > Tech
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If you place your rates too low for your area, you're unlikely to attract the ideal tenant. Price your rates too high, you might have trouble placing tenants at all. Here are some things to keep in mind when pricing your unit: -Seasonality Matters -Consider your Amenities Offered (Parking, Walkability, Security, etc.) -Know your Competition

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Ruthanna Young

Real Estate Agent @ KUAVO Cayman | BBA, Client-Focused, Real Estate Sales & Communications Expert.
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The "right" price also needs to take into consideration the needs of the property owner. In some instances, the suggested price based on market research may not fully cover the mortgage and other fees. In which case, you may want to consider what can be done with the property to attract tenants who may be willing to pay a higher price.

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2 Advertise your property

Once you have set the right price, you need to create a compelling and accurate advertisement for your property. You should include high-quality photos and videos of your unit, as well as a detailed description of its features, benefits, and requirements. You should also highlight any unique selling points or incentives that make your property stand out from the competition. You can use various platforms to advertise your property, such as online portals, social media, print media, or word-of-mouth referrals.

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3 Screen applicants

Before you schedule a showing, you should screen the applicants who express interest in your property. You should ask them some basic questions to verify their identity, income, rental history, and credit score. You should also ask them about their preferences, expectations, and motivations for renting your unit. This will help you weed out any unqualified or incompatible applicants, and save you time and resources. You can use online forms, phone calls, or email exchanges to conduct the initial screening.

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4 Prepare your property

Before you show your property, you should make sure that it is clean, tidy, and well-maintained. You should also fix any minor issues or damages that might affect its appearance or functionality. You should also remove any personal belongings or clutter that might distract or deter the potential tenants. You should also ensure that your property is well-lit, well-ventilated, and comfortable. You should also prepare some marketing materials, such as flyers, brochures, or business cards, that you can hand out to the applicants.

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5 Conduct the showing

When you show your property, you should be punctual, professional, and polite. You should greet the applicants warmly, introduce yourself, and thank them for their interest. You should then give them a tour of your unit, pointing out its features and benefits, and answering any questions they might have. You should also observe their behavior and reactions, and take notes of their feedback. You should also ask them some open-ended questions to gauge their level of interest and suitability. You should then end the showing by thanking them again, and inviting them to apply if they are interested.

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Hilmi I??k?ren

Süre?te Ustal?k, Sonu?ta Zirve | Uzman Emlak E?itmeni ve Mentor | Her ba?ar? hikayesi ustal?kla yaz?l?r; sekt?rde 27 y?l, say?s?z ba?ar?l? emlak uzman?! S?radaki ba?ar? hikayesi sizinki olsun.
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Be professional and courteous during the showing. Be prepared to answer questions about the property, the lease terms, and the neighborhood. Highlight the property's unique selling points.

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Harsha Fernando

Realtor | Entrepreneur | Fundraiser
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Primary thing "be punctual". Keep the accuracy on communication. Let them take time and give them freedom touring around the property. Don't over step on the introduction of the property.

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Hussein Kefel

Founder @ Gulf Names | Domain Investor
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To show your property to potential tenants, *Prepare the Property: Ensure the property is clean, well-maintained, and staged to showcase its best features. *Schedule Showings: Arrange a convenient time for both you and the potential tenants to view the property. *Provide Information: Share key details about the property, such as rent, utilities, and lease terms, during the showing. *Highlight Features: Point out the property's unique features and amenities that would appeal to potential tenants. *Be Professional: Dress professionally, be punctual, and answer any questions potential tenants may have about the property.*Follow-up: After the showing, follow up with potential tenants to answer any additional questions and gauge their interest

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6 Follow up with applicants

After you show your property, you should follow up with the applicants who attended the showing. You should send them a thank-you email or message, and remind them of the next steps in the application process. You should also ask them for their feedback, and address any concerns or objections they might have. You should also encourage them to apply as soon as possible, and create a sense of urgency and scarcity. You should also keep in touch with them until they make a decision, and inform them of the outcome.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Hilmi I??k?ren

Süre?te Ustal?k, Sonu?ta Zirve | Uzman Emlak E?itmeni ve Mentor | Her ba?ar? hikayesi ustal?kla yaz?l?r; sekt?rde 27 y?l, say?s?z ba?ar?l? emlak uzman?! S?radaki ba?ar? hikayesi sizinki olsun.
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Schedule showings efficiently: Group showings together during designated timeslots to minimize disruption and maximize your time. Safety first: Never show a property to someone alone, especially if it's vacant. Always let someone know where you're going and when you expect to be back. Landlord-tenant laws: Familiarize yourself with the local landlord-tenant laws regarding showings, security deposits, and tenant rights.

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How do you show your property to potential tenants?

1

2

3

4

5

6

7

1 Set the right price

2 Advertise your property

3 Screen applicants

4 Prepare your property

5 Conduct the showing

6 Follow up with applicants

7 Here’s what else to consider

Property Management

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How do you show your property to potential tenants?

1

2

3

4

5

6

7

1 Set the right price

2 Advertise your property

3 Screen applicants

4 Prepare your property

5 Conduct the showing

6 Follow up with applicants

7 Here’s what else to consider

Property Management

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