Best Web Sites for Finding Rental Properties

[Laura Thorne]

Looking for best online resources to find properties with more than 4 units.  Any suggestions?

[Michael Sjogren]

Chris is absolutely right. What I used Loopnet for was to find brokers with multiple listings then reach out to them. I let them know I've underwritten their deal but the numbers don't work for me because of xx reasons. I'll let then know what my buying criteria are and ask if they have any properties that meet that criteria. 99.9% of the time they'll say no because as Chris said, it's a relationship business. Now it's your job to find some commonality with the broker and stay in contact. Ask if you can take them to lunch/coffee. If you both like golfing, talk about the latest course that really wowed you BEFORE you dive into the details of real estate. Be genuine about your interests and when you find commonality you'll build a relationship with the broker faster. Rather than call them every week and simply ask for any deals, if you build that relationship you'll make more connections, more fronds and get more pocket listings. People do business with those they know, like and trust.