I give up--Hired Realtor
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I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 2:09 PM
       I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 2:23 PM
       I give up--Hired Realtor (by Frank [NJ]) Jun 4, 2021 2:26 PM
       I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 2:57 PM
       I give up--Hired Realtor (by Busy [WI]) Jun 4, 2021 3:06 PM
       I give up--Hired Realtor (by Vee [OH]) Jun 4, 2021 3:15 PM
       I give up--Hired Realtor (by Robert,OntarioCanada [ON]) Jun 4, 2021 3:26 PM
       I give up--Hired Realtor (by Ray-N-Pa [PA]) Jun 4, 2021 4:09 PM
       I give up--Hired Realtor (by Allym [NJ]) Jun 4, 2021 4:20 PM
       I give up--Hired Realtor (by 6x6 [TN]) Jun 4, 2021 4:53 PM
       I give up--Hired Realtor (by myob [GA]) Jun 4, 2021 5:01 PM
       I give up--Hired Realtor (by WMH [NC]) Jun 4, 2021 5:29 PM
       I give up--Hired Realtor (by Robert J [CA]) Jun 4, 2021 5:37 PM
       I give up--Hired Realtor (by Ray-N-Pa [PA]) Jun 4, 2021 6:07 PM
       I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 6:37 PM
       I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 6:44 PM
       I give up--Hired Realtor (by Sisco [MO]) Jun 4, 2021 7:07 PM
       I give up--Hired Realtor (by Allym [NJ]) Jun 4, 2021 7:20 PM
       I give up--Hired Realtor (by GKARL [PA]) Jun 4, 2021 8:01 PM
       I give up--Hired Realtor (by Busy [WI]) Jun 4, 2021 8:04 PM
       I give up--Hired Realtor (by 6x6 [TN]) Jun 4, 2021 10:20 PM
       I give up--Hired Realtor (by Small potatoes [NY]) Jun 4, 2021 10:46 PM
       I give up--Hired Realtor (by Ken [NY]) Jun 4, 2021 11:13 PM
       I give up--Hired Realtor (by Donna [PA]) Jun 5, 2021 8:46 AM
       I give up--Hired Realtor (by Oregon Woodsmoke [ID]) Jun 5, 2021 10:16 AM
       I give up--Hired Realtor (by GKARL [PA]) Jun 5, 2021 12:26 PM
       I give up--Hired Realtor (by myob [GA]) Jun 5, 2021 1:54 PM
       I give up--Hired Realtor (by myob [GA]) Jun 5, 2021 4:41 PM
       I give up--Hired Realtor (by 6x6 [TN]) Jun 6, 2021 1:19 PM
       I give up--Hired Realtor (by Pmh [TX]) Jun 8, 2021 5:38 PM

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I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 2:09 PM
Message:

I'm still having a very difficult time renting the other half of my duplex. This has been on going since mid-March. I've changed the ad, updated pictures and lowered the rent slightly and the results are the same. I'm convinced that the problem is simply a lack of qualified applicants or my ability to attract them. I'm tired of slogging through them looking for a needle in a haystack. I've never had it this difficult.

I've decided to get professional assistance. It will cost me a month's rent but at this point, it will be worth it if I can locate a decent tenant. I contacted my realtor today to send me the MLS paperwork. If this works, I may continue using the MLS to fill my vacancies. I have a friend of mine who fills their vacancies exclusively this way and I may begin doing this as well depending on how this goes.

--209.122.xx.xxx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 2:23 PM
Message:

Here's an example of what I'm getting based on application I got through Turbotenant. I just got this app today:

Credit Score: 488

Criminal History: 29 records found. All were felonies including a couple of times where he was impersonating a police officer.

Evictions: 1 record from 2016

Of course, I would not show this person the unit under any circumstances and this is the main reason I don't have open houses with un-prescreened folks attending. Let someone else go through the weeds. I'd probably insist the realtors pre-screen and send me details before letting them have access to my property. --209.122.xx.xxx




I give up--Hired Realtor (by Frank [NJ]) Posted on: Jun 4, 2021 2:26 PM
Message:

We are yet to use one. The 3 times we let one bring someone (years apart) despite whst we told them they each brought the same marginally/undesirsble susp...uh, prospects.

A friend uses them exclusively and has not so good luck. She's a shrink and he's a dentist so they can take [and have) the hit.

Good luck with it. Trust but verify --174.206.xxx.xx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 2:57 PM
Message:

I'm going to insist on them providing all information on the applicant before access is given to the unit so pre-screening is done as normal. This will still save me time while proving whether I'm right or wrong about the lack of qualified applicants. For them to be successful, they'll need to target good applicants. I'm not taking anyone who's marginal, so yes, verify everything. --209.122.xx.xxx




I give up--Hired Realtor (by Busy [WI]) Posted on: Jun 4, 2021 3:06 PM
Message:

I thought of doing that before I placed my last tenant. Slogging through all the miserable people to find one I can work with is the most detestable part of the business, for me. Otoh, someone I can work with is such a smarmy term, I doubt a realtor would figure out what I want, lol!

My suspicion is you will be happy with this decision. You have a straight-up list of requirements, and though a realtor might have to do a lot of weeding, they should be able to find the fruit for you. --172.58.xx.xxx




I give up--Hired Realtor (by Vee [OH]) Posted on: Jun 4, 2021 3:15 PM
Message:

At times like this you raise the rent 250 or more, the applicants fall from a better family tree. --76.188.xxx.xxx




I give up--Hired Realtor (by Robert,OntarioCanada [ON]) Posted on: Jun 4, 2021 3:26 PM
Message:

Suppose the duplex was converted to a single family house then the house would easily sell as most jurisdictions there is a high demand for single family houses. It is a lot easier to sell a single family house. --99.236.xxx.xxx




I give up--Hired Realtor (by Ray-N-Pa [PA]) Posted on: Jun 4, 2021 4:09 PM
Message:

You consider yourself a rather good judge of your applicants, but have you considered what it is like to be a well qualified applicant?

If the LL wants to automate a bunch of processes will these well qualified go out of their way to rent from you unless you are offering a super nice place? I know I wouldn't. I would go on to the next person until I found someone that shared the same values that I did. Automation might not be on that list for the target audience that you are seeking out --72.23.xxx.xx




I give up--Hired Realtor (by Allym [NJ]) Posted on: Jun 4, 2021 4:20 PM
Message:

Good idea. A realtor pointed out my unit to her friend who just rented from me. Perhaps smart people are going through the realtor to limit exposure to apartment buildings full of people. --108.24.xx.xx




I give up--Hired Realtor (by 6x6 [TN]) Posted on: Jun 4, 2021 4:53 PM
Message:

I like Ray's perspective on this.

I also don't see the point in hiring the realtor if you are still doing the screening. --73.120.xx.xxx




I give up--Hired Realtor (by myob [GA]) Posted on: Jun 4, 2021 5:01 PM
Message:

I left my response on the post "Rented the Unit".

What your giving others is the most basic of LL'ing. It's not fixing anything or going to court-- it's meeting people. Gee's... --99.103.xxx.xxx




I give up--Hired Realtor (by WMH [NC]) Posted on: Jun 4, 2021 5:29 PM
Message:

What's your general area in PA? Is it near employment? Is it a nice place or a low C place? --50.82.xxx.xxx




I give up--Hired Realtor (by Robert J [CA]) Posted on: Jun 4, 2021 5:37 PM
Message:

I have a trick that sometimes works here. When a get a "good" possible applicant who seems to be responsible, I tell them about my advanced payment program.

If my tenant has their rent paid (in my hands) by the 1st of the month, and they can do this for 12 straight months, then their 13th month is FREE!

Now if this doesn't get someone to bite the bullet and apply, nothing will... --47.155.xx.xxx




I give up--Hired Realtor (by Ray-N-Pa [PA]) Posted on: Jun 4, 2021 6:07 PM
Message:

To follow up with WMH,

if the place is near an employment center and a nicer place - contact HR and let them know you have a place.

If the place is a class C - fliers posted in the laundromat are very effective in getting someone wanting upward mobility. I like those folks --72.23.xxx.xx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 6:37 PM
Message:

WMH,

We're in Eastern PA right over the NJ border and about 50 miles north of Philly. There's an influx of people here from NJ/NY/Philly but they're generally commuting back to jobs in those areas as local employment does not pay as well. This area is attractive for these folks as it's cheaper to rent and buy here. However, the folks with big money would tend to live in a more suburban setting. I rented half of duplex to some people who relocated here from NYC. They wound up getting jobs here locally and their plan is to try to buy a house here. It took me about a 1.5 months to find and settle on them.

The city the rental is in is gentrifying in the downtown area but the outlying areas are still in transition. My building is in a nice neighborhood near the downtown but is not gentrified per se. There's a mix of people in the neighborhood. I'd say it's a B- type of area. By way of example, there's a young guy who bought a duplex next door who became a tax client. He's making about 80K annually. My neighbor on the other side of me is a local radio personality and he owns his house. I bought this place pretty cheaply and probably overimproved it for the type of applicants I'm getting.

The problem is the applicants. I've gotten nearly 400 completed pre-screening forms and no more than 15 of those at best were invited to showings. The main problems are: 1) insufficient income 2) evictions 3) scant job history 4) inability to prove 6 months rent paid 5) inability to provide backup for income claimed 6) Credit scores. I'll accept as low as 580 which is on the lower end of a "fair" score per Transunion and few even have a score that high.

The rent I'm asking is in line with area rents as well. I lowered it slightly hoping to get more bites.

In a nutshell, it's the applicant pool. My rooming house is in a different area in the same town. The tenants in my rooming house are equivalent to and in some instances better than these applicants. (I placed someone in the rooming house a few weeks ago with a 636 credit score). The rooming house is far easier to fill and remains full. A lot of that is a function of affordability. That too plays into this.

I just got a pre-screening form from a mother and daughter who relocated here from NYC who are coming to see it this weekend. Income looks good. This may be the one, but what I've found is that the better qualified tenants have no shortage of options even in a market as tight as this one.

One of the reason I'm going with the MLS is to access realtors who are working with qualified tenants. --209.122.xx.xxx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 6:44 PM
Message:

Let me be clarify something I said--many of the applicants for this apartment I WOULD NOT accept even for my rooming house. --209.122.xx.xxx




I give up--Hired Realtor (by Sisco [MO]) Posted on: Jun 4, 2021 7:07 PM
Message:

#22 has reported that the leasing agent that he uses gets rent 20+% higher than he can. Good tenants prefer to use agencies. --67.43.xxx.xxx




I give up--Hired Realtor (by Allym [NJ]) Posted on: Jun 4, 2021 7:20 PM
Message:

If I was in a new town looking for a rental I might contact a realtor. If I now wanted to rent instead of own I would look on line. I don't like to be "steered" by someone into something that is not my taste. Might think the realtor was getting a bribe to steer me somewhere.

But I can see where people are more affluent and don't like to do things for themselves or meet people, might see apartment searching as work that is beneath them. Some folks might see that the realtor is the high class way to handle the search for another apartment and anything else would be beneath their dignity.

As a LL though, I might see a realtor as someone who wants the commission ASAP and doesn't care who he/she sends to me even if I hired him/her. --108.24.xx.xx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 4, 2021 8:01 PM
Message:

I see this is hiring out a piece of something to manage. You still have to manage the person that you delegated to. If they bring me a raggedy tenant, they simply won't get paid. --172.58.xxx.xxx




I give up--Hired Realtor (by Busy [WI]) Posted on: Jun 4, 2021 8:04 PM
Message:

As someone who moved a lot with military, we often used realtors to find a rental. For someone relocating from a big city, a realtor makes sense.

If the place is in good school ( enough) district, has good internet for telecommuting, located near enough to highway for trips to the big city. Id say you are perfectly positioned for renters who have changed their minds about loving big city living, post-pandemic. --70.92.xxx.xxx




I give up--Hired Realtor (by 6x6 [TN]) Posted on: Jun 4, 2021 10:20 PM
Message:

I was thinking that if you advertise on Zillow and other such sites that it more or less is on the MLS, isn't it? --73.120.xx.xxx




I give up--Hired Realtor (by Small potatoes [NY]) Posted on: Jun 4, 2021 10:46 PM
Message:

I've gone 5 months carrying an apt through winter but there were crickets. W my starter 1 br I had over 200 inquiries and showed to 4.it's the market now.

I don't outright base my criteria on credit score. High medical debt and school loans can be explained, and it's more about the pattern. Does the report show they ditch one phone provider for another and owe the utility Co money, for example.

Having been in a re office I know agents can't be as selective as you might want them to be because it could come across as discrimination. If their take is one months rent or 12%, how hard are they going to work for you? Being a rental agent is no fun. Good luck.

What I find with the zillow of the world is that when the listing gets that old it doesn't show up, but if you are getting inundated then that's not the issue. --172.58.xx.xx




I give up--Hired Realtor (by Ken [NY]) Posted on: Jun 4, 2021 11:13 PM
Message:

I bought a 4 unit for resale but i might not get it sold so i have a young agent that i am teaching the business to,he is going to manage the tenants and fill an empty unit with my supervision.GKARL,I simply dont want to deal with the tenants anymore or the excuses of everyone who wants the place but i am happy to teach the young guy and help him get into the business. --72.231.xxx.xxx




I give up--Hired Realtor (by Donna [PA]) Posted on: Jun 5, 2021 8:46 AM
Message:

GKARL

I'm about 35 miles south of WB/Scranton area. The gene pool around here is pretty much the same. All entitled looking for luxury accommodations at a Super8 price. --172.58.xxx.xxx




I give up--Hired Realtor (by Oregon Woodsmoke [ID]) Posted on: Jun 5, 2021 10:16 AM
Message:

Just be sure that you get the final approval. I've seen a lot of really horrid tenants placed by property management companies. They don't care much as long as they get their commission.

And why should they care? They aren't the one who suffers the consequences when they place a bad tenant. --76.178.xxx.xxx




I give up--Hired Realtor (by GKARL [PA]) Posted on: Jun 5, 2021 12:26 PM
Message:

Oregon:

I've observed this myself with property management companies and tenant placement. They're facing to same issues I'm facing and are opting to rent to those I reject. Final approval is an absolute must. --209.122.xx.xxx




I give up--Hired Realtor (by myob [GA]) Posted on: Jun 5, 2021 1:54 PM
Message:

sales 101-- location location location. your trying to sell BBQ briskets in the middle of a forest. If you can't or won't do it-- why did you buy the table to place the briquets on???

follow the program set up in your states for 20+ years. FREE FREE FREE FREE FREE-- EVERYTHING IS FREE.

So now after these 20 years or so--- someone wants more free and your still paying for it. Difference now-- it's taking you under. --99.103.xxx.xxx




I give up--Hired Realtor (by myob [GA]) Posted on: Jun 5, 2021 4:41 PM
Message:

From Jack Nicolson-- truth-- you can't handle the truth.

I'll apologise for saying what so many are thinking.

Thinking I moved out of NYLI area in 1968 because even at 18 I could see this place was going to hell. No real income, too high taxes and way to much FREE stuff-- yea even back then. Thanks. --99.103.xxx.xxx




I give up--Hired Realtor (by 6x6 [TN]) Posted on: Jun 6, 2021 1:19 PM
Message:

Great actor --73.120.xx.xxx




I give up--Hired Realtor (by Pmh [TX]) Posted on: Jun 8, 2021 5:38 PM
Message:

simple: do as Vee said. --107.77.xxx.xxx



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