Ask Gerald: 10 Ways to Find a New Tenant Fast

Q: What’s the best way to find a new tenant fast? Kelly, Milwaukee, Wisconsin

A: In my local market, I’ve found that a for rent sign (1) in the window of the house or apartment has worked best— Some other advertizing options: posting rental signs or banners(2), asking existing tenants for referrals (especially if they’re good tenants) (3), holding an open house(4), posting fliers at local businesses(5), place an ad in the local newspaper(6), craigslist(7), realtor(8), property mgmt company(9), add in a local penny saver (10). The effectiveness of each approach will vary, but in general, the more you advertize and the more ways you advertize, the better and the faster you’ll find a good tenant. Thanks for your question, Kelly, for more real estate tips, visit performanceproperty.com and check out my Performance Property you tube channel. I’m Gerald Lucas and I’ll see you again soon.