It is not always possible to rent out real estate quickly. Sometimes it takes a long time to accommodate a tenant. But that's not all, even after the tenant has settled in, after some time some problems may arise, for example, with late payment or damage to the tenant's property.
In this article, we will tell you about 3 main points when working with renting out commercial real estate.
Why does it take so long to rent out?
There are two main points. 1st is related to the market conjecture, to put it simply, the market is standing still and is not moving anywhere. In this case, you need to be patient and wait.
2nd, perhaps your offer does not seem very interesting to the tenant, analyze your offer yourself according to the following and main points.
a. Is your price acceptable (sometimes it is better to lower it a little to rent it out faster)
b. The ratio of price and location (sometimes the tenant may not be satisfied with the location, but an attractive price can take over)
c. The ratio of the quality of conditions, communications, walking distance
g. Politeness in communication and desire to help.
How can a property owner choose a tenant?
Experience is the secret to successfully choosing a good tenant. It is experience that includes the ability to determine the reliability of the tenant, the ability to negotiate correctly and draw up a mutually beneficial agreement in which all the main points are spelled out that allow both the tenant and the property owner to work long-term.
Marketing.
It is not the most important but one of the important points if you want to rent out your property. There are basic marketing tools that will help you with this.
Internet - all available sites, if you are from Kazakhstan, then these are olx.kz and krisha.kz there are also many similar sites, google to help
Word of mouth, if your premises are very cool and at an interesting price and with all the conditions, customers will find you themselves. And they will rent from you as long as it is profitable for them.
Services of realtors and real estate agencies that will do everything for you and you will not need to do anything, except count money and sign contracts
In this article we tried to tell briefly and without unnecessary water the main essence of work with renting out real estate. If you have questions about the article, write your suggestions, we will be happy to answer.