Sometimes a listing attracts an overwhelming number of tenant inquiries, while other times you may only receive one or two responses. Finding the best qualified tenants is key to filling your vacancy. Here are a few tips to help you attract a healthy number of inquiries.
Price Matters
It can be stressful to have a vacant rental without tenant inquiries. If you are listing through Hemlane, you should see interest in your rental soon. Read more about where Hemlane advertises your rental.
If you are not receiving enough interest, take a look at your current rental price. Compare your rental against similar rentals on the market in your area. Listings that are $500 or more above market rate may see a decrease in interest and in qualified applicants. You can lose more money from a month of vacancy than from dropping your rental price to a competitive market rate.
Need to Calculate What Your Rental Should Be Priced At?
Use our rent estimator tool to get insight into rental market prices in your area. To get started with your estimate, click here.
Check Your Advertising Criteria
Your advertisement should not be limiting. Here are a few things to review:
- Do you allow pets? You can read more here, but some markets have 50% or more tenants with pets.
- Is your security deposit too high?
- Are your listed photos good quality?
Post to Craigslist and Facebook Marketplace
While Craigslist is slowly becoming less important, some secondary and tertiary markets still rely on it. Follow these instructions to post to Craigslist.
Facebook Marketplace has also become increasingly popular for listing rental properties. Hemlane does not syndicate directly to Facebook, but you can link your Hemlane rental listing when posting on Facebook Marketplace. See our article “Can Hemlane advertise my rental on Facebook?” for steps.
Consider Hemlane Premium
Hemlane can increase your exposure by featuring your listing on top listing websites and providing access to exclusive websites that have additional paywalls. For more information, click here.
Additional Resources
For more information and resources, visit Hemlane Academy and our article on Determining Rental Pricing.
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