Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 16 years ago on .

User Stats

153
Posts
17
Votes
Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
17
Votes |
153
Posts

Back End Sales to Potential Renters

Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
Posted

I have five single and multifamily properties that have some decent turnover. They are mostly near a University and downtown in Minneapolis, so I get a lot of students or young people just starting out. So I am showing the places to people a lot during the year.
I have read a lot about marketing and found out about back-end sales or steering customers to other businesses similar to mine. I was thinking I'm missing out in providing other opportunities to sell to people who come look at my places.
The fact that prospective tenants come look at my places mean that they are interested in living in that area. So if they don't rent out my place, they will rent out someone else's. Therefore, has anyone tried to keep the renter's contact information in a mailing list and offered other services to them? Things that pop off the top of my head include:

1. Referring them to other landlords in the area (since they are not going to rent your place anyway)
2. Restaurant coupons
3. Big chain stores in the area (Home Depot, Target, Best Buy, Barnes and Noble etc.)
4. Coffee shops
5. Furniture stores
6. Automotive repair and service (oil changes, etc.)
7. Movie Theaters
8. Plays, Art Museums, other entertainment attractions
9. Real Estate agents if the tenant is looking to rent before buying

Has anyone else 'upsold' tenants to other businesses in the area? What kind of arrangements did you work out with other businesses? How did you make sure the other business paid you a referral fee if the prospective tenant used their service?

These upselling techniques (it seems to me) would work with both people - those that looked at your place and turned it down, or those that rented from you.

Thanks for any advice.