{"id":21492,"date":"2020-02-03T18:30:25","date_gmt":"2020-02-03T18:30:25","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=21492"},"modified":"2020-02-03T18:30:25","modified_gmt":"2020-02-03T18:30:25","slug":"5-ways-to-find-tenants","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/5-ways-to-find-tenants\/","title":{"rendered":"5 Ways To Find Tenants"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><b>Tenants are the key ingredient to a landlord\u2019s income. Without tenants, there\u2019s no rental income and your property will be left vacant. Landlords can decide to operate their property as a private letting or go via a letting agent to find tenants.<\/b><\/p>\n<p><b>If going down the letting agent route, its important to select the right letting agent and <a href=\"https:\/\/rentround.com\/\">compare agent costs &amp; ratings<\/a>. <\/b><\/p>\n<p><b>Whereas some landlords to avoid the letting agent fees, may opt to go down the private letting route. This will require the landlord to manage the property themselves, including finding tenants.<\/b><\/p>\n<p>Methods to finding tenants vary, some are expensive, quick, provide quality tenants and some enable you to pinpoint what type of tenant you want to find.<\/p>\n<p>Below are some tips on how to find tenants for your <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\" title=\"rental property\">rental property<\/a>.<\/p>\n<h2>1. Find Tenants With A Shop Window<\/h2>\n<p>An old school way! Get a card, write down you\u2019re looking for a tenant with some details about your property, stick it in a shop window and wait for the calls to roll in.<\/p>\n<p>This is a very cheap way of finding tenants. Usually the shop owner will charge about \u00a35 a week for your card to be posted. This amount is far less than you\u2019d expect to be charged by <a href=\"https:\/\/www.thehouseshop.com\/let-for-free\" title=\"letting agents\">letting agents<\/a>.<\/p>\n<p>You\u2019ll receive calls from all sorts of people, after all the people using your local shop are all from different walks of life.<\/p>\n<p>Therefore you need to vet out the wrong sort of potential tenants, if you have existing tenants already in other rooms. The last thing you want is to mix up tenants that go to bed early to get up for work the next day, with hard partying students!<\/p>\n<p>You\u2019ll also need to handle the calls and appointment arrangements yourself, which can be time consuming.<\/p>\n<h2>2. Word Of Mouth<\/h2>\n<p>If you\u2019ve got a property that already has some tenants, one way to find more tenants is to ask them if they know anyone looking.<\/p>\n<p>By asking existing good tenants, you\u2019ve already sort of got a recommendation for that person.<\/p>\n<p>Plus as the tenants know each other, there\u2019s likely to be less disputes and therefore the amount of times you have to settles arguments is likely to be very low!<\/p>\n<h2>3. Ask Your Local Letting Agent<\/h2>\n<p>Asking your local letting agent is a tried and trusted way to find tenants.<\/p>\n<p>They\u2019ll likely have a backlog of tenants searching for a rental property.<\/p>\n<p>You can stipulate what type of tenant you\u2019re looking for. Perhaps you\u2019re looking for a professional that\u2019ll fit in with the tenants you have already in other rooms of the property.<\/p>\n<p>Maybe you want a longer term letting for an entire property. In this situation a family could be your best bet, seeing as they\u2019re less likely to uproot often.<\/p>\n<p>Your local letting agent will charge of course. Tenant finding fees vary. Some agents charge a % of the rental income over the course of a tenancy, while others may charge a fixed fee at the start of the tenancy.<\/p>\n<p>If you feel you need more support as a landlord, you can also ask your agent to take up tasks such as rent collection, property maintenance and providing a guaranteed rent policy.<\/p>\n<h2>4. Online Letting Agents<\/h2>\n<p>Online letting agents are increasing their share of the rental market. With no overheads of a high street premises, usually lower fees are offered which so far going down well with landlords.<\/p>\n<p>If you\u2019re interested in getting a traditional or an online letting agent, you can view fees and performance of agents using our comparison platform, Rent Round.<\/p>\n<h2>5. Students<\/h2>\n<p>If your property is located near a university, then attracting students is a no brainer.<\/p>\n<p>A good way to find student tenants is to ensure you\u2019re posting your property vacancy on student notice boards and making use of student accommodation online platforms, like Student Accommodation UK.<\/p>\n<p>Students attend universities well away from their hometowns and as the number of student\u2019s year on year is increasing, it\u2019s providing a healthy pipeline of tenants for landlords.<\/p>\n<p>However notoriously students don\u2019t take the best care of properties they live in. We\u2019ve heard stories of students treating their accommodation as a makeshift cricket ground, piles of rubbish held up in the kitchen and let\u2019s not get into some of the horror stories we\u2019ve heard about bathrooms.<\/p>\n<p>So you\u2019ll need to set aside a higher proportion of your income to manage some of the maintenance that will accompany running a student rental property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tenants are the key ingredient to a landlord\u2019s income. Without tenants, there\u2019s no rental income and your property will be left vacant. Landlords can decide to operate their property as a private letting or go via a letting agent to<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/5-ways-to-find-tenants\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[581,9],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/5_ways_to_find_tenants","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21492"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=21492"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21492\/revisions"}],"predecessor-version":[{"id":21494,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21492\/revisions\/21494"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=21492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=21492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=21492"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=21492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}