So, where and how do you advertise your rental to get quality applicants without attracting a horde of people? I was thinking of posting an ad on the campuses of employers close to the rental (if that is even permissible). Or an ad showing the house/neighborhood and then doing some type of pre-application phone interview to get info so that I can weed out the less desirable applicants according to their employment security/stability, renting background, etc. Or is that even legal nowadays?
The last time I advertised one of my two rentals about 4 years ago, I put an ad on Craigslist with photos, details about the house, and the date of an "open house" in which prospective tenants could stop by, check out the house, ask questions, and fill out an application if interested. The number of people who showed up and applied was overwhelming, but it was awful going through all the applications and then doing credit checks on so many that seemed equally good prospects.
Now, I am going to be renting out the other house later this year. This house has been rented to the same party for the last 20+ years, so it's been a long time since I last advertised it. This particular house is small but in a high-demand, close-in neighborhood in a city with limited housing supply. So, I'm thinking it will be much worse than the last time.
Any tips or suggestions?
The last time I advertised one of my two rentals about 4 years ago, I put an ad on Craigslist with photos, details about the house, and the date of an "open house" in which prospective tenants could stop by, check out the house, ask questions, and fill out an application if interested. The number of people who showed up and applied was overwhelming, but it was awful going through all the applications and then doing credit checks on so many that seemed equally good prospects.
Now, I am going to be renting out the other house later this year. This house has been rented to the same party for the last 20+ years, so it's been a long time since I last advertised it. This particular house is small but in a high-demand, close-in neighborhood in a city with limited housing supply. So, I'm thinking it will be much worse than the last time.
Any tips or suggestions?