Strategies for Finding the Right Tenant

Strategies for Finding the Right Tenant

Whether residential or commercial, finding the right tenant can make all the difference in terms of return on investment and overall long-term investment viability. From commercial leasing in Atlanta to renting just about any other type of property across the country, knowing a few common-sense strategies can save investors’ time, money, and trouble. Something like checking references should be standard procedure when searching for a tenant. Also keep in mind that you need more than references when screening a prospective tenant.

Renting Out Commercial Real Estate in Atlanta

References must be contacted, checked, and confirmed. Equally important is to consider running a complete credit check on any potential new tenants. In fact, this should be the standard procedure in today’s world. Another smart approach to renting out commercial real estate in Atlanta or even a single-family residential home is to consider using an agency. Hiring a professional agency or property management firm in Atlanta is the best way to reduce stress and confusion when searching for quality tenants.

Ask For All Pertinent Information

Another excellent way to have the highest probability of finding an ideal tenant is to use the right type of application forms. Take the time to make certain that the forms being used are comprehensive, complete, and well organized. A standard application form intended for tenants should ask for all necessary and pertinent information. While there are many of these forms available online, avoid just choosing the first one you come across. Compare various forms and find one that suits your needs the best.

Review Applications

Time constraints should not interfere with your search for the ideal tenant. In other words, don’t rush when it comes to choosing a tenant for your Atlanta commercial or residential property. Avoid taking the first offer that you receive; review all applications and choose the one that fits your situation the best. While this may take several days to accomplish, it will ultimately save time and trouble in that new tenants will not have to be screened over and over again in the future. It is common courtesy to let all competing applicants know that the screening process will take several days or more.

Atlanta Property Management Solutions

Finally, one of the best ways to choose a quality tenant is to meet with them in person prior to making a commitment. If you as the property owner are unable to meet a prospective tenant, at the very least have them meet with somebody you know and trust. Keep in mind that there should be a good synergy from the outset ensuring long-term tenant and owner harmony. Once you have found the right tenant it is also a good idea to inform all the other applicants that you have chosen a tenant. Contact Wiedmayer & Co. today to learn more about Atlanta property management and tenant acquisition.