How To Advertise My Property To Tenants 

Have a rental property that needs to be filled? 

Most investors will spend a quarter of a million dollars on a property but then get super cheap on the advertising for a new tenant. Take the time and money to invest in a good tenant that’ll continue to pay for the property’s equity.

 

Here are some of the main ways that we suggest advertising your property:

Print: Post an ad in local and community newspapers in the house for rent section in the classifieds.

Online websites such as kijiji, or craigslist are great ways to advertise your property. You can pay to promote your property as well. While you may think this is a waste of money, it can keep your property from getting lost in a long list of rentals. Don’t make people work to find your listing. In your kijiji ad, in addition to a write up and pictures, you can also include a link to a YouTube video of a walk through of the home. This is another great way to set your property apart. Taking the time to put together some sort of multimedia is a great investment. A video of the property can help people feel connected to it.

Front lawn sign advertising is also important. People driving/walking by may see the sign and may instantly want to act. Make it easy for them. A clear sign with a phone number where interested tenants can reach you is a must.

Directional signs in the neighbourhood (these are smaller signs that you put throughout a neighbourhood, on corners/intersections, directing people to the property that also have a number they can call for more information) can also be a good strategy, especially if you’re not on a main street. You want to direct people to your property and get them to act now.

You can also post ads on community boards in places such as the grocery store, libraries, hospitals, community centers, and bus shelters.

We have had some members go as far as having small post cards printed and they "flyer" an area with the information. While this may not work in every neighbourhood, it could work in others. It is all about knowing your neighbourhood. “Flyering” a high rental area, promoting how your property is special, and what it all has to offer could be enough to make someone call you.

 

It’s key to list your properties basic and best features. Separate yourself from other homes – what’s special?

 

Here are 4 keys to renting your home:

  1. Return calls within 24hrs to schedule showings. Try to get as many people to the house at the same time to create an auction like environment. If you can’t get them to your house quickly show it individually if necessary.

  2. Show the house and get applications.

  3. Review the applications and make a quick decision. Collect money on the spot if possible.

  4. Setup appointment (ASAP) to collect money and use deposit to hold paperwork.



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  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.


  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.



  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.



This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.