Hey @Dany Kao, one thing I found in my first listing is that we didn't have a ton of direct messages and contact initally but if you look at your listing, there is a section on FF for "unfilled demand". Basically, these are people that are looking for housing but put their application out there almost like you listed your unit, we started reaching out to all of them with the unit available and started getting 10-20 applicants and inquiries almost immediately.
I recommend using that feature and drive some of your own business in that way.
Hey @Dany Kao, one thing I found in my first listing is that we didn't have a ton of direct messages and contact initally but if you look at your listing, there is a section on FF for "unfilled demand". Basically, these are people that are looking for housing but put their application out there almost like you listed your unit, we started reaching out to all of them with the unit available and started getting 10-20 applicants and inquiries almost immediately.
I recommend using that feature and drive some of your own business in that way.
When I was starting off with one of my larger rentals (having 3 or more bedrooms), I advertised by the room and listed it full house. Per room you can get a little more than by the whole house but it's a little bit more work. I would rent a room and provide an incentive to the first person in that if they found some nurses or traveling professionals I'd take a small amount off of their rent for the month (generally 100-200 as a finder fee). I had great results with that when I was starting.
You're not alone. We have a few medium-term rentals ourselves in Denver and Colorado Springs, and we work with a lot of investors doing the same. In our experience and the experience of our investor clients, Furnished Finder has stopped being a good source of tenants. I don't know if they did something to their algorithm, or what, but seemingly overnight, we stopped getting good leads from them.
We get most of our tenants now through Airbnb or Zillow Rental Manager. Neither have a perfect platform for the mid-term rentals -- you have to work around the fact that Airbnb was built for STRs and that Zillow was built for LTRs -- but increasingly, we and our clients see more MTR tenants coming from those platforms.
@Zach Scherschel thanks Zach for the tip. I couldn’t find a section called “infilled demand” . There is a section called tenant lead is that what you are referring to?
@Zach Scherschel thanks Zach for the tip. I couldn’t find a section called “infilled demand” . There is a section called tenant lead is that what you are referring to?
Sorry, I could definitely be off on verbiage but yes, that sounds right. I did it initially months ago but moved it over to my PM, so I haven't followed as closely lately but we haven't had a vacancy since we started using the process.
Thanks @James Carlson. I did put my listing on Zillow but will try Airbnb as well.
If you're on Zillow, be sure to doctor your first photo to have some variation of "30+ day rental" or "Furnished rental" over the photo. Zillow doesn't allow for a headline so having a caption, so to speak, over top of the first photo is the best way to let people know you're a 30+ day furnished rental.
You'd have to provide more detail for anyone to be able to help you diagnose the problem. That said, there aren't a lot of people searching for 4/3s on FF. Are you trying to rent out the entire unit or rent-by-room? Maybe post a link to your listing.
I would play with pricing and start reaching out to people through the "unmatched house requests" and "General Housing Request" options under "tenant leads".
Either you're overpriced or demand is just not there.
I'm guessing the former with it being Temecula, CA. Could be wrong.
It's more work and takes a bit of digging but also try FB marketplace and local FB groups. Your closest city might have a MTR, LTR, or rent by the room group where leads post what they're looking for. I've proactively reached out to leads and had success.
Hey @Dany Kao, one thing I found in my first listing is that we didn't have a ton of direct messages and contact initally but if you look at your listing, there is a section on FF for "unfilled demand". Basically, these are people that are looking for housing but put their application out there almost like you listed your unit, we started reaching out to all of them with the unit available and started getting 10-20 applicants and inquiries almost immediately.
I recommend using that feature and drive some of your own business in that way. Hello where is this feature please
Hey @Dany Kao, I've had success with my personal investments in Temecula by posting in targeted Facebook groups. I've gotten several great tenants from nursing and doctor groups.
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Any post made by The CPA Realtor - Nate Meeker is informational only and does not create a client relationship. Readers are advised to engage a licensed professional who knows their situation before relying on their opinion.
It's a beautiful property and your pricing seems to be in line with others in your market. You are accepting pets, which is good. How long have you had it posted? It is more difficult to find people who want 4 bedroom properties so you may need to adjust your expectations. Is there demand for people locating to your area? Consider networking with Realtors to find out. Try corporaterentalsbyowner also. You might also consider construction companies who may need housing for their crews, but know that they're going to be harder on your furnishings. Also consider insurance placements. 4+ bedroom is a good unit configuration for insurance placements.
@Dany Kao Furnished Finder caters mostly to traveling nurses. They are looking for smaller houses generally although some are bringing family with them and need a bigger house. The price of your house looks high. Nurses complain that they are not making pandemic pay anymore. We bought a 2 bedroom and have been renting it out consistently but we only seem to be able to keep it occupied at a certain price point.