Do you have a fantastic rental property in Albuquerque, New Mexico? It's a great city that has a projected population growth of over half a million new residents by 2030.
As a result, you'll have to stand out from other landlords to find the best tenants for your rental property. This is often a long process, and you won't always be successful.
You should consider using a leasing-only service to assist you. The leasing agent will help you find your tenant as quickly as possible.
Here's what to consider when hiring a leasing service.
Ask About Their Success Rate
Once you've bought your rental property, the next step is to determine your rental price. You'll need to ask the leasing agent how easily they can find a tenant who'll be able to pay this price.
Ask them to provide you with actual case studies as well. For example, let's presume you wish to charge $3,000 per month as a rental fee.
Ask the leasing agent how often they've closed a deal at this rate. Don't settle for one who hasn't worked within your desired price range.
They Work Diligently to Screen Applicants
The best leasing agent will take time to find responsible and reliable tenants. It's not enough for someone to pay a deposit and rent for the first month.
A leasing-only service will help you find a tenant who doesn't have a criminal record. They'll find a tenant who has a proven track record of paying their rent and bills on time. They'll also seek references from previous landlords if needed.
This relieves you of the stress of finding a tenant. You may find a tenant who can pay well but is difficult to deal with. Working with a tenant is working with a long-term client. You need to work with someone with whom you feel comfortable. This also increases the chances of lease renewals.
They Understand the Law
The landlord-tenant relationship requires several obligations for both parties. The leasing-only service will work with both landlords and tenants who have fulfilled such obligations.
As a result, you don't have to worry about them working with just any landlord. You know that if you hire them, they're working with you because you're a responsible landlord. They aren't desperate to work with any landlord who approaches them.
While leasing agents will want to find a tenant quickly, this doesn't mean that they're in a hurry. They're willing to take longer if they haven't found the right tenant immediately.
Hire a Leasing-Only Service
You can now hire a leasing-only service to find the ideal tenants for your rental property in Albuquerque.
The best leasing services will have a track record of closing high-paying tenants. They'll screen applicants to find ones who are responsible. They also hold you accountable as they only wish to work with the best landlords.
PMI 4U is the best property management company that can help with leasing services and more. We have over 20 years of experience and are looking forward to assisting you.
