Some people believe that running a real estate rental business is easy, that no hard work goes into it. That could not be further from the truth. In this video, you will learn about some of the basics of property management.
Closing a lease is the goal. You want to avoid any vacancies where possible.
There is more research for potential tenants to access than ever before, so it is important to relay your information properly. You don’t want to come off as a salesman. Avoid high-pressure sales tactics as that will likely turn off any prospects. It is important to listen to the potential renters’ needs, rather than pushing your own “sales agenda.”
It is important to establish a process so that you can tell which stage your potential tenants are in. It is an expensive decision that your prospects are going to make, so you cannot just wing it. You need a system that has proven to work in today’s world.