(http://www.tenantmanagement.com.au/videos/06-how-long-to-find-tenants-for-your-rental-property/) - Do you wish to rent out your property but are concerned that finding tenants may take up all of your time? First, you must understand that the amount of time it takes to find tenants will vary in each case and there is no reason why you should be worried. Find out why in this video as licensed real estate agent Michael Gilbert gives you a brief but extensive timetable on how long it takes to find your ideal tenants.
Tenant Management How Long To Find Tenants for your Rental PropertyFinding Tenants Can Range From Days to Months Hello, my name is Michael Gilbert, Im a licensed real estate agent and Im here in behalf of tenantmanagement.com.au. Im here today to talk to you about how long you should expect to find tenants for your property. First of all, it can range from two days to even a few months. It can vary from property to property, from location to location, so its very hard to give you a definitive answer on this, however based on my experience, Im going to give you the best run down I can. 1 of 4
Tenant Management How Long To Find Tenants for your Rental PropertyHow to Attract your Ideal TenantsFirst of all, if your property is over priced and under-presented, forget it. Its going to take you months. So lets assumethat the price is right thats comparable to other properties that are similar to yours in the market, its presented correctly,its ready to go for tenants to move in and its advertised correctly. From day one and up to the two-week mark this iswhen you receive your best inquiries and the most inquiries that you will get on your property. 2 of 4
Tenant Management How Long To Find Tenants for your Rental PropertyWeeks 1 - 4At the three-week mark, you should expect to have at least one application to process. When I say process, I mean checkthrough the references. At the four-week mark, you should have one tenant approved for the property and you should bedrawing the lease and organizing a move-in date. This move-in date could be up to approximately four weeks dependingon how much notice these tenants need to give at their old property. 3 of 4
Tenant Management How Long To Find Tenants for your Rental PropertyTenant Move-in DateBut in my experience, Ive duly negotiated this down toaround about two weeks. So without you guys havingto do the math, its six weeks from the day that youadvertise your property to when tenants will actuallymove in. Thats based on my experience and as I said,that can range from two days to even a couple ofmonths. I hope you found the information handy. Ifyou would like some more information on where to findyour new tenants visit tenantmanagement.com.au.Have a great day and thanks for listening. 4 of 4