We have prospective landlords and investors ask us, "How quick can I find a tenant?"  Nowadays, our phone rings off the hook!  We are talking 7-10 potentials tenants per WEEK.  We almost can't keep up with the demand.  Out of those 7-10 lookers, probably 3 apply.  We are very comfortable that you, as the prospective landlord, should be able to fill your vacancy in 30 days.  It has never taken us longer, and it usually only takes us 2 weeks max.

It is crucial to list with a Realtor and get your rental into the local MLS.  You will find some of the best and most serious tenants that way because the tenant is committed and working with a professional.  Second, we place newspaper ads in the local paper and always include the URL back to the website of the home we are trying to rent.  Provide lots of detailed pictures and plenty of "description" and you will have a great response.  Lastly, we advertise on Craigs List.  We get "ok" results with this, but it is worth trying.  Some locations work better with Craigs List than others.

So, get out there and start buying!  Consider 2008 the "Sale of Century" when it comes to home prices.  Everything is on sale and quantities are moving fast!  Don't Delay!  I can hear the commericals now.....Once you have those potential tenants, it is time to screen them.  And that is where the fun begins!

Rich and Karen Ayers are licensed Real Estate Brokers in Illinois.  We are experienced Brokers who specialize in Residential and Investment real estate in Naperville, Oswego, Plainfield and the surrounding suburbs of Chicago. We also own and manage multiple investment properties and help real estate investors find, buy, fix, rent and sell their investments. Visit our website at www.AyersTeam.com.com or receive our blog via your RSS Feed or in our email.