Where do you typically market your rental property for lease?

Question

I've posted my ad on zillow, hot pads, trulia, craigslist. Anywhere else to get the most eyeballs?

How do you manage the asking price once you've set it based on your numbers? I have a property that will come available 6/1/17 and have set it at price X.

Do you walk the price down every 2 weeks or so to get more interest if the current price isn't generating a lot of requests to see it, etc?

Tesa M. · Answer

I was surprised that I had great success advertising on facebook. I know it seems strange to advertise on such an informal platform, but there is a lot of traffic on local rental pages and groups. I found that the ability to view a potential renters' profiles gives you an idea of their employment and how long they have been in the area. Seeing facebook connections also gave me the ability to get an informal reference on potential renters from mutual contacts.

Tobey Porter · Answer

Our biggest success has been Facebook. The area in which we invest has a specific page for selling/renting and we've gotten most of our tenants from this.

Our asking price is based on our market. You can adjust if necessary based on response; we actually adjusted up. We listed an apartment initially, and then when the tenant left, and got blown up at the price. That told us we could push it a little higher so the next time one came open, we raised it $25.

Brad Russo · Answer

For my property, I use Apartments, Trulia, Rentberry.

Kim Meredith Hampton · Answer

@Steve S. Rentals.com, postlet, zillow, craigslist, Rent.com, ForRent.com, or networking with local realtors (pay them a referral fee), Social Media, Local bulletin Boards or papers, signage at the property, ANSWER THE PHONE;-) You would be surprised at how many people don't answer the phone, people will move on the next 5 properties for rent

Pricing is based on your market, check all the places listed above, or pay for your info form places like RentRange etc...

I usually start adverting my units thirty days out, so you are pretty close to that with an availabilitly day of June 1st

it is good to reduce the price every couple of weeks if you aren't getting the activity you need to get it rented. The property also needs to look its best and be priced right

Where do you typically market your rental property for lease?

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