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If you are experiencing challenges in finding solid tenants, consider using a roommate finder portal. They are reliable, convenient, and can save a lot of your time as landlords listing properties online. More importantly, a roommate finder portal markets your property listing to the right audience.
So, how do you go about it?
One pleasant way to go about this would be to try free listings of your property. Various platforms provide a free listing, and you could use any of them to your advantage. You only have to register, upload qualitative photos of your property, and give various other details about your listing and voila! You are good to go. The catch here is that your listing on these types of roommate finder platforms is temporary and is lost among thousands of other listings posted on these by similar landlords, as the service is free. This is a smart option when you are not in a hurry to let your property.
The other convenient way would be to try paid listings of your property. You would just be surprised at the number and the variety of roommate finders available online. And when you pay, your property listing becomes a priority and reaches your potential audience more quickly. Also, paid listings give you control over what kind of people you want to attract towards your property.
Be sure to accurately set expectations about your rentals for tenants in your listings. List if your property is pet-friendly, or handicap accessible. Also note landmarks like nearby universities. Some of these roommate finder portals cater to a specific audience. You surely do not want to miss out on listing your property on a site that caters to an audience that matches all your criteria.
The most crucial aspect while listing any property is to broadcast it as much as possible. It's an ocean of property listings out there, so the competition is stiff. Try to list your property on more than one or two roommate finder portals because then the chances of finding your desired tenants exponentially. You can also use social media to post pictures of your property and make an ad of your own. Ask your friends to share it to increase exposure.
Once you have decided on the platforms, your most crucial task begins—the responsibility of making your listing as attractive as possible. Ensure that the title is catchy. Include all the information that a potential tenant would immediately want to know. A basic framework would include the type of property, rental price, the number of bedrooms and bathrooms, the neighborhood, and a few attractive amenities. Next, include a description that clarifies your potential tenants' various questions and details your property, the utilities, and the security deposit, among others.
Most of these roommate finder platforms ask you these questions beforehand, but it is still better to highlight it in a description.
Once you are done with crafting a fantastic listing, you need to decide on the listing price. It would essentially depend on the neighborhood, the current rental market, seasonality, and any new updates or renovations to your property. Check the listings of other properties in your area to surmise the rent pattern in your neighborhood and check if your price is reasonable. It is likely to set a higher price for a property listing in summers because demands for properties increase. You are all set to activate your listing after you sort this out.
Bonus tip: Create a video of your property (a walk-through video) and include it in your listing. Tenants love to see a video, and it will make your listing stand out from the rest.
When the deed is done and dusted, you simply have to sit back and relax while the roommate finder swings its magic wand and does the job for you.
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