Understanding Human Behavior and the art of getting your place rented

[Steven Maduro]

Let me start by saying this is not a post that is going to give you magic formulas or wow your market and potential renters into renting from you.

This post will be a seed a prompter, if you will, to get you thinking about things that are abstract, yet will still have a major impact on how fast you get rented.

Buyer behavior the bum and a meal syndrome

If you were a bum had no money at all

you could ask a thousand people for a meal and you may get a few mcdonalds burgers for your trouble.

On the other hand, if you were Donald trump you probably would get many invites to some real spreads. why?

because people pay for and honor those who already have it. Honor and money

Turn this to your advantage.

your places should look top shelf at least be clean from corner to corner

you may not have the latest and greatest but it should look impeccably clean.

Splurge in the kitchen and bathroom put little design elements where you can.

the trouble will be worth it in shorter vacancy periods

Schedule showing times,

strict teachers are more loved than lenient ones

when I taught elementary school I noticed the kids loved the strict teachers

the rules helped the kids know they were valued.

when setting appointments even if you have all day

narrow the window of showing availability to two hours show time each day.

you get the added benefit of possibly getting two prospects show up at the same time.

People like to save

People would rather save a buck as much as make a buck

so offer rebates and coupons instead of penalties.

move in specials,

I offered a summer electricity rebate coupon on one unit in my duplex because there was no central air.

I was going to replace it but decided to do the coupon thing

the tenant is very happy to save for the four months

although he is sometimes hot

HE loves saving the mo

There is a lot more on this subject i havent learned but I did discover these two quite by accident.

If anyone has more please share.