Whoa, Craigslist! More of a Story Than a Question

Whoa, Craigslist! More of a Story Than a Question

Investor · Cincinnati, OH · Member since 2013 · 64 posts · 1 vote

I've had a duplex for the last 10 years and just bought another property. I have to fill one of the apartments in my duplex this summer. For the past ten years I've been able to rely solely on my personal network, emails to friends, Facebook, etc. to fill the space with good tenants. This time it wasn't providing any good leads, so I went to ye olde Craigslist.

WHOA. I was stunned at the number of responses. One thing that really surprised me was that out of many, many emails, only 3 of them asked any questions. The rest of them just said, "I want to see the place." Is this normal? Do they think I am going to set up 100 showings with every Joe Schmo who writes me from Craigslist? Someone is living in that apartment, people!

I just responded to the people who asked questions and left the rest behind. Then I did some phone screening, then showings. Since I have been renting to people I trust up until this point, I didn't have a process set up yet. I decided to go with SmartMove and try it out... I hope it works well. We just have 3 units now but are hoping to buy a four-family this winter, so this is providing the testing ground for our ability to be landlords for more and more buildings...

0Reply
42 views

Most Popular Reply

Real Estate Investor · New York, NY · Member since 2012 · 210 posts · 15 votes
13y

open house?

See this reply in the discussion

9 Replies

Jump to latestLatest
  • Real Estate Investor · New York, NY · Member since 2012 · 210 posts · 15 votes
    13y

    open house?

  • Investor · Cincinnati, OH · Member since 2013 · 64 posts · 1 vote
    13y

    Arjun K. that is a GREAT idea. I will keep that in my back pocket. In the meantime, I'm about done with this process for this house.

    I am thinking this particular place is very cute/attractive, so people want to see it in person? Maybe I wouldn't get the same response with a more boring place, or a tenant who hadn't decorated as well.

  • Dawn AnastasiPro Member
    Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
    13y

    I always use Craigslist, and don't list the address of the property on there. I use "open house" type showings. Generally most responses don't lead to someone showing up, but when they do, I'm already there. I would NOT do individual showings as they are a waste of time especially when people don't show.

  • Chris K.Pro Member
    Investor · Baltimore, MD · Member since 2012 · 1k+ posts · 655 votes
    13y

    I agree. I only do Open house type events when I'm showing. CL people can be a huge waste of time so I'll have them all show up at once.

  • Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
    13y

    Use CL to fill the funnel, but either in you ad or when they contact you, make sure you have your screening expectations set. It sounds like your ad didn't set expectations (no evictions, no criminal history, etc.) of the tenant, so lots of undesirable candidates may be responding.

  • Dawn AnastasiPro Member
    Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
    13y

    Chris Martin -- trust me even if you put in those expectations (and I make the font RED), they will still contact you.

  • Member since 2011 · 798 posts · 216 votes
    13y

    I don't even reply to e-mails that only say "I'm interested" and don't tell me about themselves. I used to reply to all of them, but stopped doing that.

    Prospective tenants simply copy down the reply to e-mail address from hundreds of ads. Then they e-mail the same e-mail to all ads.

    You're lucky if tenants even read the advertisement at all.

    When you e-mail tenants back, tell them about the property (they e-mailed dozens and dozens of properties... remind them which is yours). Tell them the price, general location, and your basic screening requirements. ("Landlord references and credit check required.")

    One way to lessen junk is to not include an e-mail address or reply to on Craiglists. Include a phone number in the ad and let them call you.

    Personally, I don't like phone calls so I deal with the e-mail spam. I reply only to e-mails that tell me about themselves, seem like real humans (no spam, not bots), and use complete sentences. ("I wanna C house tn8" will get no reply.)

  • Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
    13y
    Originally posted by Dawn A.:
    Chris Martin -- trust me even if you put in those expectations (and I make the font RED), they will still contact you.

    Indeed! You are absolutely right! To me, it's part of the process. CL gets lots of 'eyes' on your ad, so my goal is to weed out people who don't qualify as soon as possible. For the OP, the solution is only to respond to people who asked questions. If it works, and it fits the goal(s), then... success. Probably not the most 'efficient' method, but that's not the point.

    For me, I give information when I get information. I want to know something about who I show property to. Their name, where they work, how long, where they live, birth date, etc. When I get that, then (for NC people) I check if they have a record, google their name to see their mugshot, etc. In 30 seconds, you can weed out people you (or I should say 'I') don't want to deal with.

  • Investor · Cincinnati, OH · Member since 2013 · 64 posts · 1 vote
    13y

    Jon K.:

    Same here. I have a day job too, so I don't need my phone to be blowing up at all hours. Sounds awful.

    Chris Martin: Good tips. Appreciate it.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.