The main thing that you need to do as a property owner is to get people into your rental space. After all, you probably acquired this extra space as a way to make some extra money. Rental properties are an investment, but without someone actually renting the space it can quickly turn into a money pit. Even if you aren't paying utilities, you still have to worry about taxes and any association fees that may be applicable coming out of your own pocket instead of someone else's. So what can you do? Here are a couple of ways to make sure that people know that you have a space available to rent.
1. Post On Social Media. Social media has really proven to be invaluable in many situations and when it comes to looking for a new tenant for your rental property this fact is no different. In fact, more and more people are looking on social media sites for a new place to live. Whether someone looks on the marketplace that Facebook has added or on Instagram which is a growing trend, social media is a great place to start when it comes to looking for new tenants. After all, you never know which one of your friends may know someone who is in the market.
2. Tell Your Friends and Family. If you are looking for someone to fill a vacancy in your rental property, then one of the best places to start is by asking those you know if they or anyone they know are looking for a new place to live. This is especially true if you have younger family or friends, as many people in the younger generations are more liable to move around for work or school. Asking someone you know or love also means that there is a certain level of prescreening that has already occurred as to the type of person your tenant likely is.
These are only a couple of ideas about how to get someone into your rental space, but the good thing about both of them is they are absolutely free. You don't need to worry about paying extra for listings if either of these methods work, which is always a benefit. Stick around and find out a few more ways for you to fill those pesky vacancies.