I bought my first rental property, now I need help landing a tenant.

Fairbanks, Alaska
Starting Out
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I bought my first rental property, now I need help landing a tenant.

Dennis Teicher
Member since 2023 · 1 post · 0 votes

I guess my first question is when I give a potential tenant a walk through how do I give them a professional showing? What are some questions I should be ready to answer, how do I become an expert on the utilities my home offers? Also any suggestions on what to rent a garage for? 

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y
    Quote from @Dennis Teicher:

    I guess my first question is when I give a potential tenant a walk through how do I give them a professional showing? What are some questions I should be ready to answer, how do I become an expert on the utilities my home offers? Also any suggestions on what to rent a garage for? 


    Welcome to the BiggerPockets forums!

    Don't overthink it. Let them look around, highlight features, be honest, answer their questions. 

    This is a great opportunity to pre-screen them (income, pets, when they can move in, etc.) to ensure they can meet your standards.

    Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them. It's updated every year and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.

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  • Yael Lederman
    Miami, FL · Member since 2022 · 83 posts · 68 votes
    3y

    Make sure to collect feedback from tenants who tour the property but decide not to move forward. Those tips will be really valuable info to use to make improvements, adjust marketing, etc. Don't be shy to ask for feedback if they don't immediately share. 

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