Where do I find Apartment Communities in need of leasing agents?

Question

I'm a PA REALTOR and I have been cold calling apartment communities to establish a relationship. Does anyone have any tips for finding motivated apartment communities?

Greg Scott · Answer

Large apartment communities will have on-site staff, so I presume your target is 5 to 50 units.

I would reach out to your local apartment association and local Real Estate Investing groups to find those people.

Junard Lane · Answer

@Jeffrey Donis that's great advice thank you.

Jeffrey Donis · Answer

@Junard Lane I'd also look for local investor meetups and attend those. You could network with other investors face to face and find ways to bring them value. Meetup.com and eventbrite.com are great places to start.

Percy N. · Answer

We are owner-operators, but with most of our properties in the South and Southeast states.

Junard Lane · Answer

@Percy N. that's understandable for a large company. Thanks for replying. Are you a Property Manager in Philadelphia?

Percy N. · Answer

@Junard Lane large complexes are unlikely to pay 1 month's rent but may pay 25-50% for "locator services" based on their need.

Junard Lane · Answer

@Percy N.  thanks for replying and typically I charge one month's rent. I will definitely call around thanks for taking time out of your day, it goes a long way.

Junard Lane · Answer

@Greg Scott first, thanks for replying. Second, I didn't have a general target but was wondering if there was a specific market place. But this helps alot thank you for taking the time to give advice it's very much appreciated.

Percy N. · Answer

How much do you charge for a lease lead that converts?

There are apartments that pay for it if they are in "lease-up" mode or looking to maintain high occupancy (either for a refinance or sale) but it will all depend on the quality of the prospects you bring and what you charge.

Call a few apartments in your area and ask if they pay for placement to get a feel for it.

Where do I find Apartment Communities in need of leasing agents?

Most Popular Reply