Listing Rentals in Chicago

[Marek Kowalewski]

Hey BP Chicago! I am about to close on my second rental property in Bucktown. I used an agent to list out my first property but want to list this one on my own to save some $. Was going to use Apartments.com and other public options (craigslist, Facebook marketplace, etc.). Is this an effective way to find good renters in Chicago or would you recommend going through MLS and using an agent? Thanks!

P.S. Am new to BP so looking forward to connecting with investors in Chicago!

[Crystal Smith]

Originally posted by @Marek Kowalewski:

Hey BP Chicago! I am about to close on my second rental property in Bucktown. I used an agent to list out my first property but want to list this one on my own to save some $. Was going to use Apartments.com and other public options (craigslist, Facebook marketplace, etc.). Is this an effective way to find good renters in Chicago or would you recommend going through MLS and using an agent? Thanks!

P.S. Am new to BP so looking forward to connecting with investors in Chicago!

If you're going to market your rental yourself to save $ then you have to consider what system(s) are you going to put in place to automatically screen clients.  Some of the online marketing systems have screening questions in place or you can develop your own, but you'll still have to review everyone. If you decide to use craigslist (we use it) my recommendation is you invest in a system that will automate the process of screening potential tenants; i.e. If potential tenants, call or text you they automatically receive information, fill out a pre-screen form and based on their responses, you can then decide who you will follow up with.