Here are 5 easy ways to save yourself some time during the application process:
Tip #1: Automate Your Marketing
You may have already found that marketing online is an effective tool for filling your vacancies. If you're creating property listings for listing websites, try a website that automatically syndicates your listing to popular listing sites. That way, you won't need to create new listings on each website.
Tip #2: Reduce No-Shows When Showing the Property
It's frustrating when a prospective tenant doesn't come to a showing. To reduce no-shows when trying to fill your vacancy, have the applicant call you an hour prior to the showing to confirm. Another way that you can reduce the amount of time spent showing a place is to hold an open house. This tried-and-true realtor tool can be modified for landlords who have multiple applicants to meet.
Tip #3: Switch to an Online Application
Online applications save you time by making it easier for your tenant to get you the information you need. With an online application, you have all of your applicant's information in an easy-to-read format. When you're showing the apartment, simply direct your applicants to the link and they can fill out an application - even from their phone.
Tip #4: Screen Thoroughly
A comprehensive tenant screening will reduce your chances of having issues down the line that could result in an eviction. The best tenant screening involves a combination of a thorough credit, background check, and eviction, and doing a little of your own research. Screening reports can indicate a tenant's ability to pay rent and warn you of risk factors.
Tip #5: Collect Rent Online
Are your rent checks getting lost in the mail? If you're still taking checks or cash, consider switching to an online rent payment system. Save yourself a trip to the bank and ensure that you get rent in a timely fashion. Plus, you'll have a record of your transactions, so there's no confusion for either party.
What are your time-saving tips?