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All Forum Posts by: Anthony Marini

Anthony Marini has started 1 posts and replied 16 times.

Originally posted by @Katie Stewart:

In this day and age, I think it's a great idea to offer online applications. Maybe include the link to your application in your listing, then more people will be inclined to fill it out. There is free landlord software out there that will provide you with online applications, screenings and market syndication so your property is posted to all of the major listing sites (i.e. apartments.com, realtor.com, Craigslist, etc.) with one click. In addition, some software will automatically include a link to your online application on your listing.

If you wanted to collect paper applications as well, you could. Some people do prefer to fill an application in person, so I think asking them what they prefer during the showing could help you to gain more applicants. There is software available that will allow you to collect a paper application, then input the application information and screen the tenant online. 

If you need software recommendations, please feel free to reach out to me directly! 

 Katie,

Thanks again for the response!  i think the best course of action is probably to continue to provide the online application but to also give the option of a paper application.  I originally liked the idea of the online application because it would slightly reduce my time to enter in everyone's info into the credit/background check. At this point I would rather spend the time if it means getting tenant applications.

We are currently using Cozy, which seems very similar to the website you have linked in your signature.  It provides a credit/background check and a way for them to enter in their employment and rental history.  They also collect rent for free (or with a credit card fee if applicable) and they post listings to several sites as well.  I'll keep your website in mind as well though.

Thanks again for the help!

Anthony

Originally posted by @Andrew B.:

I see you've gotten great advice so far. In  addition, have you considered reaching out to your old prospects and asking why they did not apply?

 Hi Andrew!

I have been reaching out to people that have been to showings and have gotten these responses:

  • The bedrooms are too small. (x2)
  • The house is too small.
  • The house is too old.
  • I'm concerned that the evaporative cooler will not adequately cool the basement.

I have a few people that I just gave showings to a few days ago so I'll probably call the rest tomorrow.  I wanted to give them a few days buffer between to not come off as spammy.

Thanks!

Anthony

Originally posted by @Peter Stewart:

In the agent business one of the rules I go by is if we have 10 showings and no offers, the property is overpriced. There may be nothing wrong with the unit except the price. People are obviously coming to see it, so it's not grossly overpriced and/or doesn't look bad in the pictures. You may be off just enough to keep people from applying.

Are you getting any in-person feedback on the unit? Are you following up with people and asking why they didn't submit an application? 

Based on what I see in the listing and what you've said, I would suggest improving both the pictures and the price. I would do at least $50 less - anything less than that won't make an impact. 

I agree with Katie that removing some of the personal items from the rooms before taking pictures is a great ideal. Declutter and depersonalize is what I have all my sellers focus on when prepping their homes for market. For example, you have a picture with a closet door open and a laundry basket on the floor. All that needs to be cleaned up. Close the door, put away the clothes, hide the basket, etc. You can put it all back after taking photos. Do some light staging as well (maybe some flowers on a table, nice soap dispenser and trendy towel in the bathroom, etc). 

Speaking of photos, I always recommend professional photography. You should be able to find someone to take high quality pics for pretty cheap ($50?). They will have much higher quality pictures with better lighting, angles, etc.

Hey Peter!,

Thanks for all of the help!  I will talk to the wife about reducing the price $50 or so and see if that helps.  I have been following up with the people I've done showings with and so far their answers have been the following:

  • The bedrooms are too small. (Two of these comments)
  • The house is older than what we are looking for.
  • The house we are moving out of is much larger so this house feels too small in comparison.
  • I'm concerned that the basement will get too hot in the summer. (The property has an evaporative cooler on the roof)

The feedback I have been getting all seems to be based on stuff that we can't really improve on the house. However, it may be pointing to the rent being too high since people are pretty consistently expecting a larger house.

It seems to me like the best course of action would be to take the weekend to repaint, fix up a few items, and do a good cleaning. Then we can take some better pictures without some of the clutter and repost the ads. I'll talk to my agent about having some professional photos taken as well.  I've got some softboxes that I can use to improve the lighting, but I only have my phone camera.

 Thanks again!

Anthony

Originally posted by @Heidi Kenefick:

I don’t know about the rental prices in your area so I can’t comment on that. But I think that you need pictures without the clutter. The house is neat, there is just a lot of stuff in it. Also the lighting is poor. Maybe get rid of everything that isn’t essential, kids toys, coats on the racks, vacuum cleaner in the bedroom, stuff on the kitchen counter, slide in the yard, and then retake your pics with the windows open and the new paint.

You could also reach out to people that looked at it and find out why they didn’t choose your place over another one.

 Hello Heidi!

Thanks so much for the advice! I agree and I think our best course of action is probably to paint this weekend and then update our listing.  When we do take the next pictures I'll make sure to do a better job de-cluttering as well.  The pictures were done with the windows all open and all of the lights on, but I'll see if I can get some better shots.  I'm currently using my phone camera because it is the best I've got, unfortunately. However, I do have some softboxes that I can set up to get some better shots.

Thanks again!

Anthony

Originally posted by @Katie Stewart:

Hi Anthony! After looking at your listing, I think your idea to paint all of the colored walls a neutral color is a great idea. In addition, maybe moving some of the items out of your home could help potential tenants visualize their own belongings in the house. I thought your price was pretty fair (after looking on www.rentometer.com to analyze the area), but your idea to lower the rent by $50 couldn't hurt! More competitive pricing could help you secure a renter faster. 

Hello Katie!

I really appreciate your reply!  I have not scheduled any showings for this weekend, so I think what we might do is take a few days to paint everything, fix any minor issues, and really give the property another good scrubbing.  I also feel like the price we are asking is fair (I too used RentoMeter) but we might reduce it to see if that helps as well. 

We've been pointing people towards Cozy.Co for them to do an online application which runs a credit/Background check for us.  I'm concerned that this might be one of the reasons why we haven't gotten any actual applications.  Do you think it would be better to hand out a paper application and run our own credit/background checks?  I'm concerned that forwarding them to a website may be the reason why we haven't gotten any applications.

Thanks again!

Anthony

Good morning!

My wife and I recently purchased a new home and are planning on making our current home a rental property.  I have listed the property on Zillow/Trulia/Hotpads as well as Craigslist.  We have what I would consider a decent listing with 21 pictures, detailed information, and we allow pets.  I posted the listings 10 days ago and have been getting numerous emails and calls and have done about 12 showings.  However, none of the showings have resulted in an application to rent the place.

We currently live in the home and are planning to move out next month. We were hoping to get a lease signed so that we have someone move in after we move out and do some repairs.  We also need a signed lease agreement in order for our lender to approve the loan.

If anyone has any suggestions on ways that I can improve the listing or the house in order to make it easier to find a renter please let me know!

Things I am considering:

  • Painting all of the colored rooms a neutral color.
  • Re-wording the ads to make them more appealing or to include more information.
  • Lowering the rent by $50.
  • Raising the rent by $200 or so but including gas/water/electricity.
  • Getting a storage unit for a month to hold everything but the bare necessities so that the home is more bare until we can move.

Here is the listing. Thanks in advance for all of your help!