The main thing that you want to be able to do as a landlord is fill the vacancies that you may have. This is the easiest expense to avoid as a property owner. Making sure that you have little time in tenant turnover is something that you can work towards in multiple ways. Here are a few things that you need to think about in order to get people into your apartment as soon as possible.
1. Price. Price is always going to be the main sticking point of people looking for a place to live. It is always important to take things like location, amenities, and condition into consideration when it comes to placing a price on your rental property. Ask around or look online and see what other people in your area are charging for something comparable to your apartment. Tenants will often do the same to make sure that they are getting a fair price, so make sure that you don't try and charge too much or your listing will sit there for months.
2. Upfront Fees. Fees that are required upfront are always one of the most difficult things for tenants to pay. While it is standard in many locations to ask for a month of rent and a security deposit along with a pet deposit depending upon the landlord, some listings are shown as requiring a month and a half of rent for a security deposit, the realtor fees, as well as two months of rent upfront. If possible, it may be better for you to work with your tenant and come up with a solution that works for both of you in regards to the fees that are due upon the signing of the lease.
Filling a vacancy in your rental property doesn't have to be a difficult thing, but sometimes no one seems to be coming along that fits with your space. This is a large source of annoyance for many landlords, but you can't let it get the best of you. Sometimes it is best to remember that getting the right tenant can be more important than having someone quickly set into your apartment that you don't really like. Keep reading to see some other ideas that may help you get the right person into your rental space.