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You will have already realized that your investment in beautiful Austin was a smart one. It's a thriving and friendly city with a strong sense of community, making it a wise long-term option.
Now that you've jumped the first real estate hurdle, you are faced with the next one: securing a tenant. For that, you need the best leasing agent at your side. Here is what to consider when choosing a leasing-only service.
Choose an Agent Who Knows the Local Market
Local knowledge is advantageous when securing a tenant for your property. To start with, a local leasing agent will better understand pricing trends. Thus, they can help you determine the most competitive rate that maximizes income but attracts tenants.
They'll also know about neighborhood trends, such as the demographics moving into different areas. That will help them target the right people for your property, depending on its location.
Find Leasing Services in Austin With a Proven Track Record
You want someone with experience leasing your property. They'll know the minor issues and legal complexities to navigate. They'll also be more skilled in important qualities like negotiations.
An experienced agent will operate professionally and efficiently.
Look for a leasing agent with many years of experience in the local area. Find evidence of this by reading reviews and testimonials from other landlords and tenants. It's also worth getting personal recommendations.
Ask About their Marketing Strategy
An effective marketing strategy will help you secure a tenant faster and a higher-quality tenant. Ask any prospective leasing agent how they plan to market your property.
A reputable agent's marketing strategy shouldn't be limited to listing your rental online. It should offer a more creative and innovative approach. That might include using technology to create virtual tours or employing digital marketing methods like social media.
Check their Tenant Screening Service
Some Austin leasing agents offer a basic screening service that checks for major issues like a criminal background.
However, to get the highest-quality tenant who will pay on time, you need an agent with a more comprehensive offering. That must include financial checks, like their credit score and income.
It should also include gathering character references from relevant parties, such as previous landlords.
An Agent With Excellent Communication Skills
From the moment you start a conversation with an agent, assess their communication skills.
Are they responsive? Do they have a professional manner? Are they capable of listening, and do they sound knowledgeable when answering your questions?
That's important because it will make your life easier, and it's also essential when it comes to securing a tenant. Prospective tenants will be more open to choosing your property if they deal with a professional agent with excellent communication skills.
Choosing a Leasing-Only Service
A reputable leasing-only service is an investment in your property business. They'll help you secure the right tenant and make the process easy and stress-free. Use these tips to guide you.
Monte Davis Property Management Services has a unique team that combines first-hand experience of real estate investing with an extensive background in Austin property management. Discover more about why our leasing services are perfect for you.
