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Updated almost 6 years ago on . Most recent reply

User Stats

10
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4
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Ty Zaczkowski
  • West Fargo, ND
4
Votes |
10
Posts

Testing market demand for rentals

Ty Zaczkowski
  • West Fargo, ND
Posted

I have recently been searching around in smaller cities near my current resident city to find better cash flowing deals. I think I have found a potentially very good candidate about an hour away from me where home prices are much cheaper but rents are very comparable or even more. I searched on zillow, Craigslist, and apartments to find available units and in a town of roughly 15000 people could only find 3 available 3bed unit, 1 of which was 55+. My question is, is there anything wrong with posting a "fake" listing to see how much demand there may be? I know it would be a bummer for anyone actually looking for a place to live and it turning out to not be real but other than that, I wasn't sure if there are any other problems with this strategy. I wouldn't be taking anybody's info obviously or spamming in any kind of way. Just counting responses. Thanks everyone!

Most Popular Reply

User Stats

575
Posts
495
Votes
Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
495
Votes |
575
Posts
Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
Replied

I agree with Jaron.   just because 100 people want to apply doesnt mean that any would qualify or pay rent.   But If you are going to run a test ad I would use FB Market place because you can see peoples profiles and make a judegement call on if you think they might be a qualified applicant.  A lot of people list there jobs on there profile..  a lot of other people take photos smoking weed, being drunk, pitbulls, guns ,etc...    just my 2 cents.  

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