Sometimes, I see investors lean into property managers who know the landscape and can “drive for dollars” around the block.

Low prices enable more people to buy, limiting demand for rental properties so rents decline (in inflation-adjusted dollars).Population Growth: In areas with growing populations, demand outpaces supply, driving up property prices.

Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

Quote from @Christina Hall: Sorry I only read a fraction of what you just posted … bc damn … lots of unnecessary commentary But I do understand Search volume managing hundreds of thousands of dollars per year in google ad spend and seo for major organizations If the volume isn’t high enough than you aren’t going to get meaningful traffic to drive conversionsIf there are 20 people searching per month and 10 convert and they are qualified and that’s all you need then great But the fact that you are screenshotting hundreds of form submissions is suspect and misleading to those who don’t understand hence the reason why I’d love too see your GA Good luck out there Humor me for a second.You come to the forums asking for help on lead generation because obviously, you are not very good at it, hence asking for help.

The cost of PM here is between 20 - 30 % and frankly, while they can drive occupancy, they often have lower rates and less attention to detail (I worked with one when I transitioned a new property that was previously PM managed).

This in itself drives off about 10% of the potential candidates.

However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.

At least that way you can still drive to the properties if you need to check in on something in person. 

He's an acquired taste but I've read many of his books and maybe I'm a fool, but I believe he is genuine in his commitment and drive for success.