How to Attract Great Tenants to Your Rental Property in Calgary | Calgary Real Estate Wealth

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!