Tenant Contact and Rental ads

3 Replies

Hello BP team.  I am in the closing process on my first tri-plex property where there are two empty units currently.  I am looking for advise on two points.  

First, what is the best way to quickly get ads placed to begin getting calls to fill the empty units?  They are ready to go now.

Second, must I wait until after closing to contact the current tenant to begin building my file on them as well?

Maybe I am being too excited?  Thank you for any advise you can give me to get started right.

I received tons of inquiries for my rentals through Facebook Marketplace, far more than what we received through Zillow or Apartments.com. A sign in the front yard is always a good way to generate interest as well.

You don't need to wait until after closing to build your file on the current tenant. You should have their lease and contact information before closing though. If you need to contact them directly I would either make your request through the seller or wait until after closing to contact them directly.

Originally posted by @Paul De Luca :

I received tons of inquiries for my rentals through Facebook Marketplace, far more than what we received through Zillow or Apartments.com. A sign in the front yard is always a good way to generate interest as well.

You don't need to wait until after closing to build your file on the current tenant. You should have their lease and contact information before closing though. If you need to contact them directly I would either make your request through the seller or wait until after closing to contact them directly.

@Paul De Luca, Thank you for this reply.  It is truly appreciated and I will look into FB Marketplace today.  

 

You should get a estoppel letter prior to closing as well as the old lease with contact info. I would not normally advertise before closing unless its a coming soon type of ad because you can't show it. However in today's environment you might consider if you have all the photos or a video potentially having applications submitted close to closing.  It depends alot on how solid the closing is.  Also if you are doing some renovation try to get that lined up prior to closing.