In a Slump!

[Louisa Seales]

I currently have three rental properties all located near the local college and the refinery in the area.  In the summer months,  I prepare for the new students arriving for the semester.  Majority of my target market is International Students, serious about their Studies, not interested in causing issues. The problem is the sustainability of these students. Since mid August til now I have lost 5 tenants, well two left deposits and moved in prior to the month. To sum up: I have 5 rooms at one location and a couple bedroom is vacant. At my other location, I currently have 6 rooms with three vacancies and totalling 4 at the end of the month. My third property I rented as a LTR due to exhaustion and time restraints. One of my tenant works for an Industrial company in the area. My goal is to switch to these workers as they have a steady paycheck. I guess I need to figure out a professional way on how to market to them.

[Derrick Lewis]

@Louisa Seales

If you have a good relationship with your current tenant, maybe try talking to them about coworkers who may be interested. Or call the company itself and explain it to them, you might just get someone who will pass it along. 

The more of them you get the easier it should become to get more through word of mouth, as long as they're happy there.