How to Attract Great Tenants to Your Rental Property in Calgary

Finding reliable, responsible tenants is key to maintaining a successful rental property. The right tenants pay rent on time, take care of the unit, and communicate effectively about any issues. Here’s how to attract and secure high-quality tenants for your rental property.

1. Effective Advertising

Your listing is the first impression potential tenants will have of your property. Ensure your advertisement includes:

High-quality photos of the property, including key features like the kitchen, bathrooms, and living spaces.
A detailed, honest description highlighting the unit’s best features, such as proximity to schools, transit, or amenities.
Clear rental terms, including monthly rent, security deposit, lease length, and any rules (e.g., pet policy, smoking restrictions).
Contact details and a preferred method of inquiry.

Use online platforms like RentFaster.ca, Kijiji, Facebook Marketplace, and local real estate groups to reach a wide audience.

2. Thorough Screening Process

Screening tenants carefully ensures you find individuals who are financially responsible and respectful of rental agreements. Consider:

Rental Applications: Require applicants to provide employment details, rental history, and references.
Credit Checks: A good credit history indicates financial responsibility and the ability to pay rent on time.
Reference Checks: Contact previous landlords to ask about the applicant’s payment history, cleanliness, and behavior.
Income Verification: Ensure the tenant earns enough to comfortably cover the rent.

3. Conducting Interviews

Once you’ve shortlisted potential tenants, arrange interviews to get a better sense of their character and lifestyle. Ask questions like:

Why are you moving?
What do you look for in a rental property?
Do you have any pets or roommates?
Can you provide references from your current landlord?
How long do you plan to stay?

Observe their communication style, honesty, and professionalism. A tenant who asks thoughtful questions and engages in the conversation is likely to be responsible and proactive.

4. Setting Expectations Early

Before signing a lease, have a clear conversation about expectations regarding:

Rent Payments: Reinforce the importance of paying rent on time and outline payment methods.
Maintenance and Cleanliness: Explain the tenant’s responsibility in keeping the unit clean and reporting necessary repairs promptly.
Communication: Encourage open communication if issues arise, such as job loss or maintenance problems.
Lease Agreement: Go over key clauses to ensure the tenant understands their rights and responsibilities.

5. Placing the Right Tenant

Once you’ve selected a tenant, finalize the rental process with:

A detailed lease agreement signed by both parties.
A move-in inspection report to document the condition of the property.
Collecting the security deposit and first month’s rent.
Providing keys and ensuring the tenant has all necessary contact details.

Final Thoughts

Attracting great tenants takes effort, but it’s well worth it for a hassle-free rental experience. By advertising effectively, screening thoroughly, setting clear expectations, and fostering open communication, you can secure long-term tenants who respect your property and contribute to a positive landlord-tenant relationship.

If you have any questions about attracting great tenants, Call us at 403-478-2923, email us at tim@calgaryrealestatewealth.com, or got to Calgary Real Estate Wealth.

Are you a landlord in Alberta? Share your experiences and tips for finding great tenants in the comments below!

Posted by Calgary Real Estate Wealth on February 25th, 2025

How to Attract Great Tenants to Your Rental Property