Are you looking to attract quality tenants who will pay rent on time and keep your property in great shape? If so, you need a robust tenant placement program.

This is an essential part of any real estate investment business. It can help you avoid costly mistakes, such as having bad tenants in your rental properties.

But how do you place rental tenants correctly?

It's not as simple as making sure your property is well-maintained. You need to understand which tenants your properties appeal to and market them appropriately.

If you are wondering how to place prospective tenants in your Charlotte, North Carolina area rental home, this short and simple guide is for you.

Make Sure Your Lease Is Airtight

The lack of a well-written lease can lead to a lot of headaches when you're real estate investing. To avoid this, make sure your lease is as airtight as possible. It should include:

• The amount of rent that is due each month
• What the tenant pays for utilities
• When rent will be due
• The amount of late fees
• What type of notice to give
• If you allow pets

The terms of the lease should be clear and easy to read. Don't use complicated legal jargon or unfamiliar terms.

Make Your Property Attractive

You will have a difficult time finding tenants if your Charlotte, North Carolina area rental property is not attractive to tenants. For your rental property to be appealing, ensure it is in good condition and up-to-date.

Adding hardwood floors, installing new windows, and updating the kitchen will make your place more appealing to renters. As a bonus, these upgrades can increase the value of your property and help you get a higher rental rate.

Use Excellent Marketing

You want to attract the most qualified renters possible for your investment property. So don't just rely on word-of-mouth or flyers posted around town.

Instead, consider using Zillow, social media, and real estate websites to advertise your rental property.

These are all great ways to reach potential renters and show off your property's features. They can also connect you with interested parties in a matter of days rather than weeks or months.

Screen Prospective Tenants Thoroughly

Make sure you're renting your property to responsible, honest tenants in the Charlotte area. When conducting tenant screenings, make sure they have:

• Good credit
• References from previous landlords
• Clean background check
• A solid employment history

You can always hire a property management company for tenant placement services. They have methods to screen prospective tenants and can tell you if they're a good fit for your property.

It's Important to Get Tenant Placement Right

If you want to get the most out of your investment property, you must find the right tenants. If you don't have a good screening process in place, your property could be at risk for damage or vacancy. By following the above tips, you can avoid these issues and find the perfect tenants for your property.

Carolina Property Management, LLC offers tenant placement, rent collection, maintenance services, and more. Contact us today to get started!