All Forum Posts by: Ryan Frampton

Listing details below in case anyone has any specific feedback:

https://www.zumper.com/apartments-for-rent/36749351/3-bedroom-rittersville-allentown-pa

Thanks everyone for the feedback!  For marketing, we have it on all the major sites (zillow, craiglist, zumper, hotpads, avail, apartments.com, realtor.com, etc.) and a sign out front.  We haven't done 200 showings - more like 20-25, which sounds consistent with the funnel/conversion rate @Shelby Ek described and the feedback is almost always positive. We do give out info on the application process which we thought was pretty standard ($45 app fee which goes to third party credit/background check; 600+ credit score; 3X gross income; no evictions; no smoking; positive references and background check). Tenant's responsible for all utilities and yard maintenance/snow removal as it's a small SFH townhouse. We have been limiting showings to 1 night a week for a couple of hours and about 3-5 hours on one weekend day (including an open house). We thought the pricing was assertive (i.e., not under market) but not out of market as there are certainly some comps at or above what we're asking, but maybe that's the problem, although the feedback we've heard is that Allentown market is pretty tight for good rentals right now.

Hi everyone!  We're working on getting our second buy and hold property in Allentown, PA rented and are finding it harder getting applications in. We've been showing the property for the last 3 weeks (just starting our third weekend) and had a ton of interest (probably over 200 inquiries) as well as a good number of showings where we get generally positive feedback on the property.  We also have lots of people asking for applications, which we do online using one of the common platforms, but only 1 application so far, which was unfortunately unqualified.  Any thoughts on what might be going wrong?  Or is this normal for the process and we just need to be patient and hope for more applications as we get closer to the end of the month?  Really appreciate any feedback!

Hi Everyone,

Not quite a new member as I've been a long time reader working on building up my knowledge base but this is my first post as I'm finally ready to jump in and take action. I live in the western suburbs of Philly and am interested in buy and hold rentals in Philly or maybe Allentown/Bethlehem or other areas reasonably accessible from where I live.   Even though I'm planning on using a property manager, my wife and I still want to be able to get a feel for where we're buying. We're thinking small multifamily (2-4 but maybe up to 6 in the right circumstances) are most likely to make economic sense. Any recommendations for agents in those markets? Specific neighborhoods/areas to look at? We're thinking about targeting Manayunk in the Philly area but open to other ideas.  Any BPers with any tips for a newbie? Also would love to network with people in the area.  Thanks!