Open Houses

[Joey Palmer]

Hello BP,

I wanted to share a new "showing" technique that my wife (property manager) implemented. 

My wife @Amanda Palmer is a god send. She has taken over as manager of our rental properties. Previously, I was working a full time job as a factory automation consultant (outside sales) while managing our 2 duplexes and 1st flip project. 

She has just in 2 weeks signed (4) new tenants to leases. To many this may sound like a small accomplishment however to someone new to the business this maybe more than over whelming. 

Her secret was utilizing the showing technique of "open houses". Rather than showing the units to individual tenants at specific times she scheduled open houses. Our Craigslist add mentioned the open house showing format but with no time listed in the ad rather she had prospective tenants email her for the open house showing time. During her first 2 hour open house she collected 9 qualified tenant applications and was able to rent both units!

This is clearly a better format than the traditional method I've used in the past. It both created urgency with the prospective tenants and saved considerable "managing" hours other wise spent traveling to and fro the properties. 

I'm sure there are posts suggesting this else where on the website however I've never read about this method. I hope this helps fellow property managers in the BP community.