Leasing Montreal Rental Properties
Renting out a property, whether it’s a business property in Montreal or an apartment, is not easy and involves hours of research and legwork. Ensuring your rental property gets occupied quickly and by the right kind of tenants equals a steady stream of rental income.
Renting out property is a competitive business, and potential tenants can often enquire about many properties in a single day. Therefore, you need every opportunity to set up a viewing and snag a good tenant before the competiton does.
Rental Property Tips
Below are a few tips that can help you fill a vacant rental property.
- Produce a simple and effective rental listing. Having a good rental listing will not guarantee that you rent your property immediately, but it does mean maximising your chances of attracting potential tenants.
- Advertise your property on the Web. Sites like Louer.com are effective in promoting rental properties online. With thousands of people searching daily for properties to rent, they can narrow down to your property listing either through the rental property site or through the search engines.
- Offer incentives or referral money. If you have tenants that are leaving, you can ask them for reliable referrals and offer a good commission in return. This can be beneficial for both the landlord and the tenant.
- Using a “For Rent” sign. Placing a sign outside the building is a time-tested and equally effective way of attracting potential tenants. You can also add details about your Montreal rental space which will provide readers up-front information about the available property.
- Offer rent deductions. This is a proactive approach to keeping the tenants you have. Offering business tenants that have been with you for a long time some kind of break on the rent, even if it’s for as little as a month, can go a long way in showing your appreciation for their presence.
Hopefully these tips will result in you getting inundated by a barrage of enquiries. Once the listings go up, it’s just a matter of checking your e-mails and messages regularly and then getting back to the enquirers as soon as possible.