All Forum Posts by: Yogesh M sayanakar

What is the vacancy rate in your market? How long have you been looking? What is the market rent for the unit you are advertising vs your price? Depending on that, coupled with your screening criteria, you might be within the realm of "normal" vacancy timelines. 

We don't bother with FB or CL at all, total waste of time- tire kickers and people who can't pass screening. We get 95% of our tenants from Zillow advertisements, but the most effective platforms vary by market. 

1. You can't sell something you don't own. How are you going to show it to prospective renters? 

2. It's a couple weeks away. Most renters are looking for something they can occupy within 1-2 weeks.

I don't recommend marketing a property until you own it or  a couple days before closing. This allows you to set up showings right after closing.

The most popular marketing really is market dependent. In some markets a site like apartments.com is most popular, while others get a lot of activity from Zillow or Hotpads.

My recommendation is to try and find out which sites have the most activity in your market, then try to advertise on several of them to maximize exposure. I get most of my hits from Zillow and Zumper. I get a lot of activity on facebook marketplace, but the majority of them are unqualified tire-kickers that waste my time. Craigslist is a cesspool of fraud and I haven't marketed on there for nearly ten years.

@Yogesh M sayanakar - 

1) @Nathan Gesner hit the nail right on the head.  One thing you could potentially do as you move towards closing, is see if the listing agent will share the property photos with you (provided they are a professional quality), do your market research, and get everything ready to list as soon as the time is right. 

2) There are some free versions of tools like Turbo Tenant that make listing on multiple sites very easy. 

Best of luck as you head towards closing! 

@Yogesh M sayanakar- I use facebook marketplace, zillow, apartments.com, and craiglist and I receive hundreds of inquiries for properties. To your point, 90% of inquiries are from unqualified tenants, however make it a point to prescreen. You could always develop a google form asking basic pre-screening questions to see if they would pass your rental criteria prior to showing the property. Lastly, make sure to never deny a tenant an application even if you know they won't pass your criteria. That can be interpreted as discriminatory. Good luck on your closing my friend!