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Updated over 9 years ago on . Most recent reply
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For Rent Sign - Motivated Seller?
So, I've heard from many investors that they've had success finding motivated sellers by calling for rent advertisements and signs and asking if they've ever thought of selling their property. Anyone here have any luck with this method? I feel like there could be a rather large amount of land lords who are just tired of dealing with their properties and would rather just be done with them. I've also seen properties with both for sale and for rent signs. That's a flag in my head that shows they're desperate to make something move with the propety.
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- Flipper/Rehabber
- Arlington, TX
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I get your logic, just not sure if it would be productive for you. If they are actively advertising the property for rent, the property is probably at least in rent-ready condition (perhaps even recently renovated). You might find that it just bothers them to handle your call when you are not interested in renting.
Better approach is probably direct mail to absentee owners with the distressed house? / in a hurry? / need cash? messaging. That way the ones that meet that criteria will call you to see what you can do to help. I want people to SELF SELECT into my campaign, to respond to my messaging, rather than me calling randomly and trying to FIND the right prospects...