{"id":7040,"date":"2021-09-29T13:00:53","date_gmt":"2021-09-29T18:00:53","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=7040"},"modified":"2022-03-01T21:44:25","modified_gmt":"2022-03-02T02:44:25","slug":"tips-for-finding-new-renters-for-your-multi-family-property","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/tips-for-finding-new-renters-for-your-multi-family-property\/","title":{"rendered":"Tips for Finding New Renters for Your Multi-Family Property"},"content":{"rendered":"
<\/a><\/p>\n Investing in multi-family properties can be very lucrative, when done correctly. In fact, <\/span>according to the CBRE, the average yield from multi-family property ownership was 9.75 <\/span>percent between 1992 and 2017. During this twenty-five-year period, multi-family property <\/span>ownership outperformed the stock market (as measured by the S&P 500) and attracted a host <\/span>of new investors.<\/span><\/p>\n However, though it is clear that multi-family property ownership can help you earn a significant <\/span>income, your future income is by no means guaranteed. In order to maximize the earnings <\/span>potential of your property, you will need to overcome a variety of property-specific challenges.<\/span><\/p>\n One of the most common challenges faced within this industry is finding renters to fill your <\/span>property. This particular challenge has become greater over the past few years, with the <\/span>COVID-19 pandemic causing many people to change where they live. If you want people to rent <\/span>in your specific property\u2014rather than one of the many alternatives available\u2014you will need to <\/span>be proactive.<\/span><\/p>\n Below, we will discuss some of the most effective strategies you can use to find more renters. <\/span>By increasing your occupancy rate and decreasing the amount of time that lapses between <\/span>tenants, you can improve your outcomes as a property owner.<\/span><\/p>\nUse Multiple Listing Sites<\/span><\/h2>\n