It is always the first big challenge after buying a multi-family property – how do I find a great tenant to trust with my property? Check out this article from Avail.co – a ton of insights.
Finding good tenants should be critically important to any renter, whether you have one unit or hundreds. You want someone who is going to pay rent on time and take care of the property. After all, the rental property is an investment, and constantly having to find new tenants to replace bad ones will cost you in advertising and potentially in evictions. Luckily, there are good tenants at every rental level, and your goal in advertisement is to effectively attract those who fit your property well. But the task of advertising can seem daunting, especially for landlords new to the game. To help make it easier, we’ve provided this general so you can find great tenants more easily and without wasting money.
It is essential to follow fair housing laws at the local, state and national level. This means you have to be careful how you word your advertisements and how you screen and choose tenants to avoid lawsuits stemming from discrimination laws. For a comprehensive discussion of fair housing laws, read our Fair Housing Laws guide, but relevant points (to keep you safeguarded!) will be sprinkled throughout this guide, as well.