In the Wichita market over 300 adds are posted per day so if you want leads you need to post 3-4 times per day so your adds are always near the top of the list. Capitalizing your title and surrounding it with symbols helps it catch the eye as well.
Yeah, we see property managers relisting their ads over and over but we haven't had a problem leaving our sit. I think it's all about the quality of the rental, knowing your market and having some advantage over the competition. Also, having neighborhood areas or nearby neighboring cities in the title will bring it up on more filtered searches.
Yes, have come up with reasons to visit their property. Some people make a house visit part of their screening criteria. Our first communication with tenants is via an email auto reply with pre-application questions. It also lists what is needed when filling out the rental application. When we get to the viewing of the property, they should be pretty well informed.
Great process...you've turned it on it's head and I think your method makes more sense than showing then screening. I'm still working on my first property, I think I'll employ your technique.
Real Estate Investor · Dallas, TX · Member since 2013 · 388 posts · 174 votes
9y
@Mark Updegraff - like your approach here with the social media. Could you send links to some examples? I'd like to use this approach.
@Greg B. - interesting way to get past tenants to pay what they owe.
I mainly use CL and communicate via email only, until we meet at the property then I will use the phone (probably going to trulia next). My AD states, "I will only reply if you leave a valid phone number " (helps screen out scammers) and I delete any email without a phone number!
I have a standard email that goes out, it includes the attached rental application. The rental app has the 'typical qualifications' and some of them are 'gray areas'. I ask them to review the typical qualifications and reply to the email if they think they qualify. I ask them to bring a photo ID to enter the property upon showing.
My system is setup to funnel down to only serious, qualified applications. It helps save me time, money and not have to answer tons of calls. It might take more time to rent, but if the people can follow along and get through they are the types of tenants I want.
The yard sign just gets me tons of unqualified calls, all day and night. Once, a woman did not stop calling until I answered the phone. Literally 30 calls back to back...
I never take the, "I have the cash now, i need to move asap..." types.