One of the most important steps in managing your rental property is finding the right tenant as a landlord in Burlington, NC. A strong tenant placement process is key to long-term success.
It is vital to have a reliable screening system if you're dealing with late rent payments, poor communication, or lease violations. Tenant placement services ensure that your rental property will have a high-quality tenant.
What Are Tenant Placement Services?
Tenant placement services are designed to help you find prospective tenants. Placement services streamline the entire tenant placement process, from marketing your property to handling rental applications and performing background checks.
The process typically begins with advertising your rental across multiple platforms, followed by managing inquiries, scheduling showings, and fielding questions from potential tenants. Prospective tenants will undergo income verification, credit checks, a rental history evaluation, and a thorough screening process after submitting their application.
Why Tenant Screening Matters
You’re not just looking for someone who can pay rent, but for a qualified tenant who will care for your property long term. Poor tenant screening can result in unpaid rent, property damage, lease violations, and even legal challenges. That’s why screening should include financial qualifications, prior landlord references, and a strong rental history.
Tenant screening also reduces the chances of a high turnover rate, which can cost you a month’s rent or more each time a tenant moves out. You’ll avoid those risks and secure a more stable tenant base with professional placement services.
What’s Included in the Tenant Placement Process?
While each company may differ slightly, most full-service tenant placement offerings will include:
Professional Marketing: Using photos, descriptions, and targeting to attract the right audience by comparing to other comparable properties.
Showings and Communication: They conduct showings and handle all tenant communication with prospective tenants.
Screening Applicants: This includes a full background check, credit history, employment verification, and rental references.
Lease Preparation and Lease Signing: The lease is drafted and signed legally, often along with the first month’s rent collection and security deposit.
Move-In Coordination: Scheduling property visit, delivering keys, and making sure the tenant's move-in goes smoothly.
Tenant placement is about protecting your rental investment and not just about filling a vacancy.
Let RB Legacy Handle Your Tenant Placement Services
Finding high-quality tenants is critical to your success as a landlord. If you want to minimize risk, fill vacancies quickly, and avoid the hassle of screening tenants on your own, we’ve got you covered.
At RB Legacy, our tenant placement services are built to save you time, protect your rental property, and ensure you find the right tenants the first time around. Contact us today to learn more about how we can help.
FAQs About Tenant Placement Services in Burlington
1. What is typically included in tenant placement services?
Tenant placement services generally include marketing your rental property, conducting showings, screening potential tenants, including background checks, credit checks, and income verification, handling lease preparation, and coordinating the tenant move-in. These services are designed to save your time while finding high-quality tenants.
2. Do tenant placement services include tenant screening?
Yes, tenant screening is a critical part of the tenant placement process. This usually involves verifying rental history, income, employment, creditworthiness, and running a criminal background check. A thorough screening process helps ensure you're selecting a reliable, qualified tenant.
3. How much do tenant placement services cost in Burlington, NC?
Costs can vary depending on the company and service level. Some companies charge a flat fee, while others charge a percentage of the first month's rent. It’s important to compare placement services and understand what’s included, such as lease signing, tenant communication, or move-in coordination, before choosing a provider.