@Joe Splitrock
Hey joe, I’m responding to this in parts so we can continue
- I market the home on multitude of website, it gets 60 interested 15 show up. 11-12 pay... that’s 220.00 bucks for doing days of showings and communication. I pay a third party. I never profit.
- You understand most places change over 35.00 per applicant and run unlimited amounts? Or if they run 4-5, it’s the exact same as me
Running 11-12... ETC.. they charge more money.. I just decided to charge less and give people a fair shot. My neighbor ( he’s a landlord ) never decided to charge application fee, his wife helped w background checks.
- About the credit, I’m working in low income areas, setting those standards will be difficult
- I understand you do yours 1 applicant at a time, however, this becomes very costly and takes up weeks. I can’t afford that being a small landlord, nor can many other landlords afford that. I schedule Saturday’s and Sunday’s to do showings. I cut my applicants off at 20 submitted. That’s the MOST I will ever allow to be submitted into one property. Taking 1 at a time, kills the other people off, which isn’t fair.
- I am extremely surprised you have been doing it (landlording) for 15-20 years and never received that magnitude of interest. That kind of bothers me lol. I hope you start to receive more interest. But yes, if your having low volume, 5 people total, that’s easier to handle and I can see how you do it one at a time.
- I do showings, I set appointments...
Person 1 comes at 11am - person 2 comes at 11:30am - and so on ^^^...
- if they want to apply, then can apply, I tell them, “we are just looking for someone quality to pay rent.. or something along that fashion “
I also let them know others will be applying...
If you have anything more to add please do.
I just think we are potentially 2 different types of investors and won’t see exactly eye to eye with this lol . But please respond if you have time
Thanks🏡
