.webp)
Finding the perfect investment property might have felt like a tough task, but the hard work is not yet over. Now, you face the next hurdle: securing a tenant for your property.
A leasing only service is the best one-stop-shop for landlords in this position, but you need to choose the right agent. Here are five factors you should consider during your search.
1. Knowledge of the Local Market
The best leasing agents have extensive local market knowledge, so that should always be at the top of your list when finding an agent. They'll offer valuable insights that will help you lease your property, such as:
- Current rental rates and trends
- Tenant demographics and changing demands
- Popular and up-and-coming neighborhoods
With that insight, you can make your rental more competitive in the real estate market and charge the best rates. It will also help you with your market efforts.
2. Reputation in the Industry
Always look for a proven track record and an agent with experience in leasing. A solid reputation as a leasing agent is a must if you want rental process optimization.
Having a team you can trust to look after your property and your tenants is invaluable. So, read testimonials and reviews and ask around for personal recommendations.
3. Choose a Leasing Agent With Marketing Skills
You must do more than list your property on a real estate website to secure a good tenant. You need an agent skilled in marketing who can help you with things like:
- Writing keyword-rich property descriptions
- Taking appealing, professional photographs
- Using a variety of marketing channels like social media
- Who knows the latest technology, like virtual tours
The best way to gauge this during your leasing agency selection is to see how they market their current list of properties. You could also research the average time it takes them from listing a property to securing a tenant.
4. Tenant Screening Approach
Not all tenant screening approaches are identical, but the difference can be significant.
A more comprehensive screening process is more likely to spot red flags that could indicate a bad tenant, so choose a leasing agent who covers the following:
- Credit checks
- Reference checks
- Proof of income
- Criminal background check
You should also ensure the leasing agent offers this as a standard service. If you aren't sure what's included, ask before you sign with a new agent.
5. Communication Skills
Finally, remember to evaluate any Chester County property leasing service on their communication skills.
When you're busy and want to know what's happening with your property, you don't want to be waiting all day for someone to return your phone call or answer an email. Choose a leasing agent who prioritizes client communications.
Finding the Best Leasing Only Service
A leasing only service is the ideal way to secure a tenant quickly. But it pays to have the right agent. Use these tips to guide you.
Key PA Property Management is a locally owned, independent business that's part of a bigger national brand, so we offer the best of both worlds. Learn more about our leasing service in Chester County here.
