Does anyone have success with a tenant waiting list? Can you please share your best tips? We have 49 units (Husband/wife team self managing) that we can fill fairly quickly.... if we are on top of it. I think a waiting list/having a system in place to fill them will help our vacancy rate.
Should I have all of our units on one website so tenants can see what properties are coming available? What websites exist if any that help with this?
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
1y
I'm going to give you a reason to not have a wait list.
In the apartment space, you shouldn't need a wait list unless your property is 100% occupied. A property that is 100% occupied is usually a sign of laziness or fatigue. Those landlord will keep rents well below market so they don't have to deal with unit turns.
To maximize your business, if you are getting close to 100% occupancy it simply means your rent is too low.
Lancaster, NY · Member since 2021 · 92 posts · 52 votes
1y
There are solutions available for listing 'Available' and 'Coming Soon' properties. If you're looking for ways to streamline this, consider platforms that offer enterprise-level management tools
@Carlos Hennings yes, this is more of what I'm asking. A coming soon and send out to people who are qualified. We get a ton of applications on our units but I haven't saved any of their information or asked if they want to know what we have in the future.
@Carlos Hennings yes, this is more of what I'm asking. A coming soon and send out to people who are qualified. We get a ton of applications on our units but I haven't saved any of their information or asked if they want to know what we have in the future.