How to Fill Vacant Units with the Right Tenants

Finding tenants for your multifamily is an easy process, but the real challenge is in finding residents who will be staying for the long-term.

The sad truth about multifamily is that looking for genuinely fantastic tenants is like diving into a fifty-foot haystack without knowing if you’ll get the needle. You either find it or settle for problematic tenants.

However, it is possible to find truly exceptional tenants out there, if you know how to look carefully.

And on that note, here are a few ways you can find the right people to fill your vacant units with:

List vacancies yourself

What better way to get those tenants than to list down the vacancies yourself?

This helps you not only pick out those that you can trust, but it also makes it easier to contact people who are actively looking for the right living space. You have full control over who it is you want to rent your units.

Make those application sheets detailed

Don’t cut corners with your application sheet! Only great and exceptional tenants would and should have the time to fill it out to show that they understand what it means to rent out a unit.

Your application sheet should be at least several pages long, and it should detail the terms and conditions of your multifamily. It should also include the agreements or policies that the tenant should learn to understand and follow in order to live in it.

Reach out online

This may seem a bit of a long stretch, but the internet can be an open book to most of your potential tenants. It may give you the chance of getting to know them before they even come to meet you.

Using the right digital marketing strategy, you can run campaigns that will attract people to the property and make them want to stay in the long term.

Screen applicants thoroughly

This is how you can really pick out great tenants from a list. It will take some time, but the payoff is worth it when you find those truly exceptional ones.

Do your research. Run background checks. Check their rental history by asking them personally. A lot of property managers overlook these simple steps and end up with people who might not be interested at all, so you might as well become more thorough

Start looking for the right people to populate your multifamily property with! Use the tips above and see the results yourself!