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Updated 7 months ago on . Most recent reply

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Kaleb DeCook
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How long does it usually take to fill a small apartment building?

Kaleb DeCook
Posted

I'm looking at buying an 18-unit apartment building that's recently been renovated and hasn't been advertised for rent. I'm trying to estimate how long it will take to get rented out with a good property manager. It's in a small town with a population of just under 3000. There's not much currently listed for rent in the area. Thanks for any input. 

  • Kaleb DeCook
  • Most Popular Reply

    User Stats

    261
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    128
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    Samuel Coronado
    • Investor
    • Huntsville, AL
    128
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    261
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    Samuel Coronado
    • Investor
    • Huntsville, AL
    Replied

    I run all the same way in all my markets. I like targeting what I would call secondary or tertiary markets, because the lack of supply and the lower competition. Facebook is how I do it with a screener Google Form. I emphasize this is not an application as then I would have to formally reject people and give reasons why. Only after they have been screened and seen the property in person can they apply. My listings don't last longer than two weeks. 3,000 is a bit on the small side, but if it's an older crowd Facebook will be the way to go. 

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