Unit Rented in 12 hours with Facebook Marketplace
Jordan MoorheadBusiness Member
Real Estate Agent 路 Austin, TX 路 Member since 2015 路 5k+ posts 路 3k+ votes
The Moorhead Team5142 Reviews
Unit Rented in 12 hours with Facebook Marketplace
Most Popular Reply
Rental Property Investor 路 Charlotte, NC 路 Member since 2017 路 298 posts 路 232 votes
8yJordan Moorhead the great news is that you got it rented quickly at a price that worked for you. The bad news, for now, is that you clearly underpriced the unit. Lesson learned. If the response rate is that high it鈥檚 a clear sign your price is too low at which point it doesn鈥檛 hurt to raise the price. If you don鈥檛 mind me asking, how did you determine what price to list at?
37 Replies
- Investor 路 Atlanta, GA 路 Member since 2013 路 3k+ posts 路 3k+ votes8y
I think a lot of it depends on local conditions. People talk to each other and in some areas FB might be more of the 'go to place' than in other areas.
I've posted one rental in the market place and got nothing. I put the same rental into several FB groups for renting and I got tons of responses, but I believe a lot of them were bots. I kept getting 'I'm interested in this item' and when I responded I got nothing back. Only 3 people actually came out to see and they all came from craigslist.
One thing I did notice (and maybe that's group specific and how the owner sets it up). I kept getting a little window on the bottom right side of the scree, asking me if I was still looking for a place, as a new one has just been listed. So, that might increase traffic, once you're shown interest in renting something.
- Investor 路 The Creek, WV 路 Member since 2014 路 890 posts 路 1k+ votes8y
Yes. I always post mine on Facebook marketplace. I honestly just assumed everyone did this. I never waste my time posting on Zillow. I still post on CL but the responses are very very low compared to facebook.
If you aren't posting your units on Facebook then you are missing a ton of potential tenants. I join the local buy/sell/trade groups. When you post in one group it will ask you if you want to cross post it in other groups and/or market place. So you can type the ad one time and post it in multiple places including the market place.
Also, no you do not need a business page to do this. You can do this all from your own personal facebook page.
- @Jordan Moorhead thanks for sharing!! I was a bit discouraged having a harder time than normal finding a tenant for October 1st gets tough in Chicago duento cold nonths approaching. Found a great tenant in 48hrs after posting.. 1200+ views and 10ish showings.. 16month lease I would say overall, the average inquiry came from some undersireable folks. But having Facebook details on every inquiry is a great tool and gave good insights into personal lifes. But more leads than Zillow and hotpads... so that says something!! Thanks for again for sharing!!
- Rental Property Investor 路 Toronto 路 Member since 2018 路 16 posts 路 2 votes3y
Quote from @Rob Drum:
I've had a really strong response from listing on FB marketplace as well. Especially in the first few days after listing. Tenant quality has been strong too.How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else? - While that is all true, you also need to have a FB Page that's been around for a while. If you have a stale profile, that could help. That's what I used. But if you create a new profile and suddenly start posting a bunch of apts, FB will ban you.
Quote from @Polina Orlova:
Quote from @Rob Drum:
I've had a really strong response from listing on FB marketplace as well. Especially in the first few days after listing. Tenant quality has been strong too.How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else? Quote from @Polina Orlova:
How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else?That is because either a jilted applicant or a competitor has "reported" you to the Republic of Facebook for being a filthy capitalist, and you were unilaterally shut down. No due process for joo!
I'm only half-kidding. I used Marketplace for a minute before I was banned for some similarly-inexplicable reason. When FB was ebbing in eyeball-counts, I created a profile (as I was not a FB user), and wait out their seasoning process until I could (a) see the Marketplace icon and later (b) post to Marketplace. This took literally months. Then I was canceled in about a week or two of advertising. As this feebleminded old man I know is fond of saying, "Not a joke."
As the OP, I had a ton of inquiries but all were universally sub-par in prospect quality. Huge waste of time. I use Zillow and, believe or not, Craigslist still yields some quality folks in our market. I would stick to marketing in "America." Good luck!
- Rental Property Investor 路 Toronto 路 Member since 2018 路 16 posts 路 2 votes3yThank you for sharing Wesley. I am relieved to know that I am not alone. We tried to do everything right and got banned. We currently gave up on advertising on Facebook and would stick with Craigslit/Kijiji ( no Zillow where I am)
Quote from @Wesley W.:
Quote from @Polina Orlova:
How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else?That is because either a jilted applicant or a competitor has "reported" you to the Republic of Facebook for being a filthy capitalist, and you were unilaterally shut down. No due process for joo!
I'm only half-kidding. I used Marketplace for a minute before I was banned for some similarly-inexplicable reason. When FB was ebbing in eyeball-counts, I created a profile (as I was not a FB user), and wait out their seasoning process until I could (a) see the Marketplace icon and later (b) post to Marketplace. This took literally months. Then I was canceled in about a week or two of advertising. As this feebleminded old man I know is fond of saying, "Not a joke."
As the OP, I had a ton of inquiries but all were universally sub-par in prospect quality. Huge waste of time. I use Zillow and, believe or not, Craigslist still yields some quality folks in our market. I would stick to marketing in "America." Good luck!
- Rental Property Investor 路 Toronto 路 Member since 2018 路 16 posts 路 2 votes3y
Quote from @Adam M.:
While that is all true, you also need to have a FB Page that's been around for a while. If you have a stale profile, that could help. That's what I used. But if you create a new profile and suddenly start posting a bunch of apts, FB will ban you.Quote from @Polina Orlova:
Quote from @Rob Drum:
I've had a really strong response from listing on FB marketplace as well. Especially in the first few days after listing. Tenant quality has been strong too.How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else?Thank you fo replyign Adam. Yes, it looks like one can post on Facebook only from a seasoned real profile where you have all your friends/ birthdate/need to truthfully state your location and we ultimately did all that....However, when we did it- still got banned within a few days. We received overwhelming response and maybe Facebook throught somethng was wrong with an ad due to so much response....Facebook stated that we have violated ' Community Standards" but its impossible to deduct what went wrong...
Quote from @Polina Orlova:
Quote from @Adam M.:
While that is all true, you also need to have a FB Page that's been around for a while. If you have a stale profile, that could help. That's what I used. But if you create a new profile and suddenly start posting a bunch of apts, FB will ban you.Quote from @Polina Orlova:
Quote from @Rob Drum:
I've had a really strong response from listing on FB marketplace as well. Especially in the first few days after listing. Tenant quality has been strong too.How do you guys avoid getting banned from Facebook Marketplace? Are there specific rules to follow?
I have posted but my "Marketplace Account" getting locked out saying it violates " Community Standards"
A couple of rules I have picked up from other posts: no mention of phone numbers, no mention of qualification criteria. Anything else?Thank you fo replyign Adam. Yes, it looks like one can post on Facebook only from a seasoned real profile where you have all your friends/ birthdate/need to truthfully state your location and we ultimately did all that....However, when we did it- still got banned within a few days. We received overwhelming response and maybe Facebook throught somethng was wrong with an ad due to so much response....Facebook stated that we have violated ' Community Standards" but its impossible to deduct what went wrong...
Polina, I have had success with a page I had created as an alias - a long time ago. I already had a cc associated with it. I used it for a different business. It turns out that it's been working well for me. It's had many people as friends for years; I don't know any of those people. But I think it only worked because it was such an old profile. We've had trouble with all of our other ones.
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