subject: Best Advertising Methods For Multiple Rental Units [print this page] Putting a "for rent" signage in front of your rental property, posting your ads in major establishments in your neighborhood and telling your friends about the vacancy of your rental units are few of the usual and inexpensive means of publicizing the vacancy of your condo unit or apartment. However, these techniques only work best for lower end rental properties. If you own a high end or multiple rental units, you will need a different method of promoting your rental business.
Below are the best options for advertising your high end or multiple rental units:
1. Print Rental Magazines
There are several of national and regional print magazines for residential landlords. These print magazines reaches a broad range of audience, therefore you can make sure that many rental home seekers could read your advertisement. Listing rental units in national magazine is pricey but it can be a practical decision for big time landlords with multiple rental properties. You may also think about listing your high end property or multiple rental units in local magazine that contains a lot of listings for rentals like yours.
2. Real Estate Firms
If you are not familiar with the things that you have to do in advertising your rental property, there are a lot of real estate offices that can help you out in promoting your rental unit. Many real estate firms that administer advertising rental units and help landlords find a decent tenant. When a real estate agent helps you in advertising your rental business, it does not only boost the agent's earnings but it also allows them to find clients by turning your tenants to clients. If you will employ a real estate agent's service you have to pay them 10% of the rent or in some case you can simply give them one month's rent in the unit. Certainly, it would be very pricey for you but you can also get a lot of benefits and comfort from it that you don't need to worry about showing your property to potential tenants and you will not endure the anxieties of screening a prospective renter.
3. Property Management Companies
If you are a newbie in landlording, seeking for the assistance of property management companies is the best choice for you. Property management firms have the experience and skill in handling the advertisement of your rental units. They can show your property to possible tenants and help you find responsible tenants for your rental units. Concerning the advertising of your property, property management firms often generate a custom video tour for their clients and list your property both on free and paid local and national websites. The gains of employing a property manager compared to real estate agent is that they are more keen to work with you even after they have find the perfect tenant for your unit. They can help you manage your property, help you in collecting the rent, act as a liaison and build a good relationship with your tenants and do immediate repairs for your unit. If you know you are not equipped in running your multiple rental units by yourself, better hire a property management company to help you.
