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Updated over 6 years ago on . Most recent reply

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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,233
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How Did You Create a Waiting List for Your Rentals

Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Posted

I'm on a mission to never have another vacancy again. Part of my plan is to notify folks on my waiting list as soon as I receive a 30-day move out notice. The problem is that I need to create a waiting list.

Does anyone have a wait list for their rentals? If so, please tell us how you;

1) created it, and

2) how you maintain it.

Most Popular Reply

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2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,233
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2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Replied

Let's aim for the Holy Grail; a waiting list that works just like the one at a popular restaurant. You notify the next "potential tenant" in line, if they pass on your offer, you go to the next person.

I want to turn my vacancies just like a well run restaurant turns it tables. In this sense, landlords can learn a lot from the operational tactics used in the hospitality industry.

The trick, of course, it to create demand. The other trick is to organize the list and sustain interest in the offering.

Have you ever stood in a line that was so long just to sample what others felt justified the long wait? I have ... and I wasn't disappointed.

How can we apply this to our businesses?

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