Tenants

Jackie A • Jun 13, 2023

Finding Tenants in a recession

There is a recession creeping up in the United States. That poses a challenge for any landlord in San Diego. Finding tenants for vacant houses in San Diego during a recession can be difficult, but it is not impossible. With the right strategies, landlords can successfully find qualified tenants even when economic conditions are not ideal. Following some of our suggestions, a property owner should have no problem finding trustworthy and dependable tenants even during tough times like a recession.


Our Suggestions


  1. Research the local market and keep up-to-date on rental trends in San Diego.

  2. Utilize digital marketing tactics such as email campaigns, Seo optimization, and sponsored ads.

  3. Do not hesitate to network with real estate agents specializing in tenant placement.

  4. Think about offering short-term leases for those not looking for long-term commitments. What is essential here is to fill the vacancy. You can convince a tenant to stay longer with excellent service.

  5. Leverage word-of-mouth marketing by seeking referrals from friends or family members.

  6. Create flexible payment options so tenants can choose how to pay their rent. For example, you can offer an option to pay quarterly, biannually, or annually. Insurance companies use this strategy and provide a small discount because they save on administrative costs.

  7. Put together packages that cover the essentials, such as Wi-Fi service, cable/satellite TV fees, etc., so tenants do not have to worry about signing up separately for multiple services.

  8. Take advantage of the services offered by property management companies in San Diego.


Why Not Work with a Third Party?


Paying a property management company’s fee may seem an extravagance during the recession when the emphasis is on cutting back. Nevertheless, there are important reasons to pay those reasonable fees.


Landlords in San Diego must accept that there is a lot of competition for tenants, and it will get worse if a recession comes about. It is not easy to rent a house, and many people will opt for a cheaper apartment. You may find yourself competing with others for the same pool of renters, and that can be tough. Marketing requires understanding the market and knowing what tactics will be successful in attracting good tenants. A property management company in San Diego, like Alta Vista Properties, is an intelligent investment of scarce dollars.


We Are Aggressive Marketers 


It does not mean that we are abrasive or rude. Alta Vista Properties appreciates how essential it is to fill a vacancy, and we do not waste any time. We work hard for our clients and do everything we can to find the right tenant.


We do not hesitate to request referrals from our former tenants or clients. In fact, we encourage existing tenants to recommend their friends and family to consider properties that we manage. Alta Vista Properties knows how to use social media and what it takes to attract technically savvy people.


Retention is a major part of successfully filling the vacancy. Once we have a tenant sign, we use superior tenant services to keep that person. We practice a policy of transparency, and we are available to answer any questions a person might have. We make a living in one of our managed units convenient and a joy. Our success is measured by the high percentage of tenants who renew their leases with us. We are proud to be one of the best property management companies in San Diego.

Please do inquire at any time about our property management services. You can reach us at 858-274-3600 or by email at info@altavistaProperties.net. We look forward to hearing from you and answering your questions about what we do as a property management company in San Diego,


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