One of the most important things that you can do in any business is make connections. Networking is defined as interacting with other people to exchange information and develop contacts, especially to further one's career. While this is normally thought of in regards to things like business and the arts, there is no reason that you can’t adapt the idea to fit rental property ownership. It stands to reason that everyone will need a place to live at some point in their life, so why not have a group of contacts that can help you get some of those people into your apartments?
As a landlord, you will likely deal with many people in vastly different careers. Real estate agents are going to be one of the most common, and they are some of the best people to have in your network. If they know what you have, and you have a good working relationship with them, they will remember your listing and suggest it. While this doesn’t automatically mean that you will never have trouble finding a tenant, it may give you a bit of a leg up on others who didn't take the time to get to know the right people.
Even networking with your tenants may help you get a quick turnover. If you are good at what you do, you may find that people will suggest your apartment to their friends when they are ready to move out. This can be used as an incentive as well, some landlords offer a discount on the last month of rent if their current resident finds someone else to move into the apartment upon their leaving. Naturally you will still want to screen the new tenant, but this takes a lot of the heavy lifting out of the job for yourself.
Getting a network of people who also deal with rental properties in one way or another can only benefit you. Other landlords may suggest your property if it better fits a potential tenant’s needs and real estate agents may think of you before they think of other apartments. It is always good to have some type of support system no matter what type of business you are in. Let Talley be that support network for you. Give us a call today and see just how much easier renting out your apartment is with us. It really does make a world of difference!