Finding the Right Fort Worth Tenant
The ability for tenants to search for available rental properties has never been easier and faster. Along with the large amount of interested tenants comes quite a bit of work sorting out which applicants will be right for you and your property. This quick guide covers some of the basics you’ll come across when searching to fill your Ft. Worth Rental Property.
What Kind of Tenant is Right for Your Property?
One of the most basic aspects tenants are looking for in a rental property is the number of bedrooms and bathrooms. The needs of college roommates, young professionals, and families are quite different when searching for homes to rent.
TCU College Students
If your property is located close to Texas Christian University (TCU), you may be looking for college students to fill your home. How far is your home from campus? Are there convenient bus stops close by?
Typically, homes larger than 3 bedrooms may be more difficult to fill with college tenants. Property care and maintenance is also something to keep in mind when renting to newly liberated college students.
If you have a 1 bedroom condo or a two-bedroom town home, a young professional might be the right target for your needs. Typically recent graduates are working hard to build a career for themselves and don’t necessarily want a large place or a yard to maintain. Branching out from apartments or dorms, young professionals want a little more space.
A large priority for families is communal space. Large living rooms, kitchens, and backyards are big benefits to families. Since most of their time is spent in these rooms together, taking time to update and renew these rooms brings more value to this group. Landscaping can go a long way as well. There are typically less concerns for your property with this group, because having a healthy environment is important.
Before you list your property for rent, having an idea of which target group you’re looking to fill your home is paramount. There will always be differences in expectations, but updating and revitalizing your home for a key market will steer you in the proper direction.
Finding tenants is the next big challenge. You can spend a little time and money listing you properties on already-saturated rental websites, or you can work with a company and have it listed on MLS (Multiple Listing Service) used by Real Estate Agents and Property Management companies. Having your property available to agents will help increase visibility and marketability of your home.