Finding tenants in southside indianapolis area

3 Replies

Hello,

My wife and I just bought our first investment property. we posted ads on Facebook marketplace and Zillow and the response was outrageous, in just a few days we had almost 70 people contacting us on our property. I read somewhere that it is a good idea to schedule a 2 hr block to be at the house and have everyone show up around the same time because it creates a sense of competition. we printed of 30 applications expecting a lot of people to show up but during the time we were there only 4 people stopped by and 2 filled out an application. I'm not sure what other info you need to give me advise on this process but it seemed very odd to have so much interest but no one show up.

@Adam Dilley unfortunately it’s really not surprising. Sites like Zillow and others make it so easy to send an ‘I’m interested’ email... there’s not much reason for a tenant looking to send lots of them.

I always follow up with the interested person and confirm that they will be there at xxpm, etc. some people still flake out, but at least most show.

The next step, if you find you’re getting a lot of showings but no applications, it may be overpriced a bit. But as of now, I’d just keep showing and see what happens in 1-2 weeks.

For what it’s worth, I like doing timed showings, 15min apart. It’s less of a free-for-all, but still gets it done all in a night.

That's pretty normal for web-based enquiries my recommendation is that you contact each person find out who's actually qualified by asking legal pre-qualified questions then what I do is set up to have three or four people show up at the exact same time and hope at least one of those shows up there is a lot of rental inventory right now so people are not desperate to rent