You might be the best negotiator in the world and have secured yourself a fantastic deal on a property in Denver. But can those talents withstand the hurdles of securing a tenant for your property?
No matter what deal you secure, a vacant rental is expensive for any landlord. That's why many choose the leasing only service route instead. Read on to learn more about what you should consider when choosing this real estate service.
Knowledge of the Local Market
Always choose exclusive leasing services from a company that knows the local Denver market. They can advise you on crucial details, like the rental price, that affect how quickly you lease your property.
Local realtors are also more likely to understand other relevant factors, like neighborhood demographics and regional trends. They'll also know the current demand for properties.
Marketing Know-How
Even with the most attractive property in the world, you still have to try to market it. Otherwise, your ideal tenant won't even know it exists.
Property leasing solutions should have marketing skills and knowledge to help you list your property, such as taking professional photographs and writing an attractive description.
They may also have other valuable ways of promoting a property, like listing it on social media.
Tenant Screening
Before accepting a new tenant, you must check that they are trustworthy and will pay the rent on time. That's why tenant screening is crucial.
Professional leasing agents can offer comprehensive screening services encompassing all relevant checks.
That will include a credit score check, criminal background check, and evidence of employment and income.
Legal Knowledge
Any leasing service must know the details of Colorado's tenant laws.
That includes how to advertise and screen for tenants in a fair and non-discriminatory way, as well as issues like data protection when running background checks.
Always choose a leasing company with experience in the area and a sound knowledge of the law.
A Commitment to Excellent Customer Service
You want to ensure that your leasing experience is easy and hassle-free. The best way to do this is to have a leasing team with a strong commitment to customer service.
Choose a company that always returns your calls promptly and is open and honest when answering your questions.
Good customer service is also a sign that they will treat prospective tenants with the same high level of care, helping you secure a high-quality resident for your property sooner.
Fees and Terms
Always check the details of a leasing service, including the fees, any added extras, and contract terms.
Ensure it covers all the services you need, such as property viewings and handling the deposit. If anything is unclear, ask for further information before making a final decision.
Finding a Leasing Only Service for Your Property
Once a property is ready for a tenant, you want to hit the ground running. A leasing only service can help you do that, but ensure you use the tips in this guide to find the right match for your needs.
PMI Aspire is a local Denver team with over a decade of experience in rentals in the area. We are well-placed to help you secure the perfect tenant. Find out more about our leasing services here.
