Dallas is the top rental market in Texas with nearly 60% of the homes being renter-occupied.
With so many renters in the city, you'd think it would be easy to secure a great tenant for your real estate investment. It's a lot of work to find the best tenants, which is why the best move for any rental property owner is to hire a property manager.
Property management comes with a lot of different services. If you can handle most of what your property throws at you but want to secure a great tenant, go for a leasing only service. Today, we'll explain the advantages of this lightweight service, so keep reading and look forward to easier tenant management for your rental.
Better Rental Property Marketing
The two things that landlords fear the most are rental vacancies and delinquent tenants. A leasing-only service helps avoid both, starting with rental property marketing.
There are thousands of rental vacancies in Dallas at any given time. If you're going to stand apart from the competition, you need to put your rental listing in front of a large number of potential tenants.
Your leasing manager will write up a detailed property listing with plenty of professional-quality photos of the unit. They may also choose to engage in digital marketing tactics, such as SEO and paid ads, to cast the widest possible net.
Screening Tenants
A well-marketed property should secure you a large number of applicants. The next thing that your leasing agent will do is go through these applications to figure out which tenants are most desirable.
Tenant screening involves several different practices. First, the leasing agent will look into each applicant's financial and criminal background. This tells them if the tenant is financially stable enough to rent the property and whether or not they've got a concerning criminal history.
The top applicants will also have their references checked. Talking to previous landlords and other character references will give you a strong indication of whether an applicant is the right fit for your rental.
Fewer Rental Vacancies
The next step in the process is the lease signing. Once you've got a great tenant lined up, your leasing agent will help you draw up a lease to hold both parties accountable. It'll tell the tenant what they can expect of you as the landlord and what's expected of them during the tenancy.
Both of you need to abide by the lease to maintain a strong landlord-tenant relationship. Keeping your tenants happy is crucial to lowering rental vacancies and keeping that passive income coming into your bank account.
Get the Best Leasing Only Service in Dallas
A leasing only service can make your life as a real estate investor so much easier. These are just a few of the perks you'll see, but when you have a great tenant in your rental, you can focus on being the best possible landlord you can be.
To get the best leasing only service in Dallas, look no further than Evernest. Since 2008, we've grown to become one of the most trusted voices in Dallas property management. To learn more about how we can help you run your rental property, contact us today.
