The easiest way to make money as a properly manager is to make sure your units are full, but that doesn’t mean you won’t lose a few tenants every now and again. Life happens, and sometimes people have to move!
The trick is flipping those units quickly and getting them filled as fast as possible so you don’t lose out on rental income. How do you do that? With a stellar marketing plan, of course!
Here are a few tips for marketing your Redmond apartment that will help you fill those vacancies fast.
Post a sign outside the property
Not all marketing techniques are labor intensive. The simplest and easiest thing you can do to market your Redmond apartment is to simply post a ‘For Rent’ sign in the lawn.
When looking for a new place to live, some people will drive around their neighborhood of choice. In addition, some people who are moving may drive or walk by your rental every day. When they discover it’s available, they may give you a call.
Word of mouth
Next to posting a sign in the yard, simply telling people that you’ve got an available Redmond apartment is a great way to find tenants.
If you hand out tenant newsletters, mention the available apartment and your existing tenants may help you find someone to fill that vacancy. Tell friends, family, and coworkers about your apartment and they may send interested people your way as well.
Post an add everywhere you can online
By posting a sign and telling people you have an open unit, you may find someone to fill it, but you may not. That’s where posting your Redmond apartment online comes in.
Make sure you take quality pictures of your apartment. Then, post them on as many websites as you can. Craigslist is a good place to start, but there are tons of sites that can help you find tenants:
If you really want to get the attention of potential renters, upload a video tour on YouTube too! The more places you post, the more likely you are to find a tenant fast.
Don’t forget about the newspaper
Print may seem like a dead medium, but newspapers are getting good about keeping their readers. Many papers are still in print, which can help you reach a few more potential tenants, but they also have online ads.
The Redmond area has a few newspapers, and they can all be found online with a classified section where your Redmond apartment can be posted.
Hire a property management company to help
Marketing doesn’t have to be hard, but it does take time. As a property manager of a Redmond apartment, time is likely to be something you don’t have much of. If you want to focus on other aspects of property management, leave marketing to the experts at a property management company.
Not only can a property management company help you post ads on various websites, they can help you take quality pictures, and they can even show your unit on your behalf.
Ready to hand over the reins to a property management company? Give us a call! We’d be happy to help you get the word out about your Redmond apartment!