All Forum Posts by: Preston Loveland
Preston Loveland has started 1 posts and replied 7 times.
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Quote from @Will Fraser:
It looks to me like a key issue here is WHERE you're listed. FB marketplace is one of the least productive places I know of for rentals (learned after more than a year of fielding 50+ worthless "leads" per rental listing from it). Zillow, KSL, and possibly Rentler are where you'll want to be, and Zillow is the king of the three.
I'd chat with a pro in the space (like Kodiak Property Management) and see what pointers they can give you. They're the best I know of in the valley and you'll do well together
Thanks Will! Just added some postings on those other sites. Good to hear about where the best leads come from.
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Quote from @Andy Jenkins:
Are you on KSL & Rentler.com?
Yes to Rentler, just added to KSL as well. Thanks for the idea!
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Quote from @Nathan Gesner:
Quote from @Preston Loveland:
The price doesn't look bad. I will say that 3bed/2bath is a lot to squeeze into 1,000 sq.ft. A lot of people will be turned off knowing the Landlord lives downstairs, that's just the nature of the beast.
Also, a 3bed/2bath is most likely to attract people that want to settle for a while, but you are only offering six months? Open it to a one-year lease and you'll likely attract more attention.
And a single-family home should allow pets. Figure out how to accept them and monetize it. That will double your renter pool immediately.
Thanks for the ideas! I'll look in to a way to allow pets and make it work better for both landlord and tenant.
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Quote from @Eliott Elias:
Why is it still vacant? What has feedback been with the prospective tenants?
I've had a good amount of interest, I think many of the people who have pre-qualified and come for a tour feel like its smaller than they imagined originally. As well timing isn't the best and a lot of the people who qualify aren't looking to move for a while.
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Here’s the link if you want to take a look!
Post: Showing process, do you show property first or have credit/employment ran
- Posts 7
- Votes 2
Hey Jeremiah! Something I and I know others have done that makes it a little easier. I just created a quick Google Form as a Pre-Application that asks some basic credit, income, and situation questions.
When the hundreds of people message you on Facebook I just say it’s available and send the link saying I will get back to them if they fill it out.
If they don’t fill it out then they probably aren’t super interested or worth taking the time to show and this way you can already screen the possible tenants without having to show the unit a ton.
Best of luck!
Post: Dropping Rental Listing Price
- Posts 7
- Votes 2
Hey guys, I just bought my first property in Salt Lake City that I am planning on house hacking. I’ve gotten a good amount of interest in the last two weeks for tenants in the top unit but my criteria are pretty specific to ensure I get some good tenants. Haven’t had anyone who meets all my criteria and is ready to move in on a sooner timeline as well.
Wanting to get this unit rented out on or before the beginning of March and am wondering if I should drop the price or not.
Any tips on what the best way is to drop the rental price on a listing on FB Marketplace, Rentler, etc.? Just change it or create a new listing? Trying to get as much reach as I can with it.
Thanks in advance!