First Five
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First Five (by mapleaf18 [NY]) Nov 8, 2023 7:26 AM
       First Five (by NE [PA]) Nov 8, 2023 7:38 AM
       First Five (by NE [PA]) Nov 8, 2023 7:49 AM
       First Five (by mapleaf18 [NY]) Nov 8, 2023 7:52 AM
       First Five (by NE [PA]) Nov 8, 2023 7:55 AM
       First Five (by NE [PA]) Nov 8, 2023 7:57 AM
       First Five (by mapleaf18 [NY]) Nov 8, 2023 8:05 AM
       First Five (by mapleaf18 [NY]) Nov 8, 2023 8:08 AM
       First Five (by NE [PA]) Nov 8, 2023 8:16 AM
       First Five (by NE [PA]) Nov 8, 2023 8:19 AM
       First Five (by WMH [NC]) Nov 8, 2023 8:40 AM
       First Five (by NE [PA]) Nov 8, 2023 8:54 AM
       First Five (by unb [GA]) Nov 8, 2023 9:22 AM
       First Five (by S i d [MO]) Nov 8, 2023 9:58 AM
       First Five (by Gene [OH]) Nov 8, 2023 11:05 AM
       First Five (by Oregon Woodsmoke [ID]) Nov 8, 2023 11:21 AM
       First Five (by Oregon Woodsmoke [ID]) Nov 8, 2023 11:22 AM
       First Five (by Vee [OH]) Nov 8, 2023 12:03 PM
       First Five (by Sisco [MO]) Nov 8, 2023 12:16 PM
       First Five (by mapleaf18 [NY]) Nov 8, 2023 12:41 PM
       First Five (by Jason [VA]) Nov 8, 2023 4:05 PM
       First Five (by plenty [MO]) Nov 8, 2023 4:15 PM
       First Five (by tim [CA]) Nov 8, 2023 7:18 PM
       First Five (by Ray-N-Pa [PA]) Nov 8, 2023 8:03 PM
       First Five (by mapleaf18 [NY]) Nov 9, 2023 7:57 AM
       First Five (by zero [IN]) Nov 9, 2023 8:18 AM
       First Five (by Ray-N-Pa [PA]) Nov 9, 2023 4:56 PM
       First Five (by Pat [VA]) Nov 9, 2023 6:21 PM
       First Five (by tryan [MA]) Nov 10, 2023 9:24 AM
       First Five (by Lucy [IN]) Nov 11, 2023 10:47 AM
       First Five (by Lucy [IN]) Nov 11, 2023 10:50 AM
       First Five (by zero [IN]) Nov 11, 2023 2:03 PM

First Five (by mapleaf18 [NY]) Posted on: Nov 8, 2023 7:26 AM

I've seen it commented on this forum that the "first five inquiries are duds."

So far I've had 12 inquiries only through Craigslist (not quite finished with the final touches on the SFH gut rehab) and of the 9 that responded, they ALL are UNRENTABLES!!

Gotta love BLUE states and cities that surgically remove personal responsibility from the parasite class.

And CRAIGSLIST is where I've had my MOST successful harvest believe it or not. FB is an absolute cesspool. I kept getting spammed with "your ad violates community standards" on the biz page I made. It does not.

Then my paid for FB ad was shadow banned and the few bums that saw it inquired.

Zillow and Zumper same thing UNRENTABLES! insists you display the actual street address in their paid for ads. A scammer got in that way last time.

First Five (by NE [PA]) Posted on: Nov 8, 2023 7:38 AM

The first 5 was 15 years ago at least. For me itís easily the first 100 these day. Iím on 188 interested parties (automatically tracked) on one of my current vacancies, 24 actual showings, a number of applications and ZERO qualified.

That means only 24 out of 188 passed the most basic of pre-screening questions. Not even getting to the application process yet.

What is that 12.5% of the interested parties even get to schedule a showing? Haha, thatís BAD!

And 100% of those so far have washed out.

And trust me, I try every tactic in the book. Itís just the tenant pool. It is absolute trash.

This building is a class A unit.

Some units have had several hundred before finding one.

Automate as much as you can and as soon as possible or youíll go crazy.

First Five (by NE [PA]) Posted on: Nov 8, 2023 7:49 AM

Looking at my numbers and figuring that I can easily do 200 interested parties before I sign a lease with someone. That would have me operating at an average of only .5% of the people qualify for my units. A half of a percent. Crazy. Thatís class Class A down to C- or D+ properties. That is with screening set to a certain criteria in order to give me a certain person/personality/credit score. The only difference is the price of the properties and condition. But once they make it through my screening, I usually get the same type of person. Which is very important to me.

First Five (by mapleaf18 [NY]) Posted on: Nov 8, 2023 7:52 AM

NE, I've definitely automated. Someone responds to the google form link I send and I quickly check the google sheets spreadsheet. Nothing but a SEA of RED!!

I think C19 launched a wave of entitlement as never seen before. And the under 30 set all believe that housing is a human right and should be free. Meanwhile back at the ranch, the economy keeps worsening.

First Five (by NE [PA]) Posted on: Nov 8, 2023 7:55 AM

Yes, there is definitely a shift from before 2020 until now. From bad to worse. Screening tenants all these years has really dampened my spirits of hope for this country. 199 people out of 200 not being able to qualify for the most basic of apartments itís not a good image for the general public of America. Sad.

First Five (by NE [PA]) Posted on: Nov 8, 2023 7:57 AM

Sorry to keep bombing your post like this maple leaf, but this is a hot button topic for me. I think another part of the problem is that unrealistic expectations of tenants. I see that a lot in my really nice places where some of the worst of the worst come to apply and are nowhere near qualified. Kardashian mentality. That might work in California, but that ďainít gonnaĒ fly around here.

First Five (by mapleaf18 [NY]) Posted on: Nov 8, 2023 8:05 AM

NP. Yeah the worst of the dregs and parasite class adore luxury/ fancy living and who wouldn't but they feel they DESERVE it (undeservedly so).

Frankly the dregs should stay where they are and accept the ramshackle conditions as their current LL probably isn't charging them market rent either.

First Five (by mapleaf18 [NY]) Posted on: Nov 8, 2023 8:08 AM

I'm also getting a lot of "our place was condemned so we're staying in a motel." If I wanted to spend any time (and I don't) it would be intriguing to find out exactly WHY their place was condemned--most likely user error (poor housekeeping habits, destructive behavior, lack of respect for the property in general)

First Five (by NE [PA]) Posted on: Nov 8, 2023 8:16 AM

Or most likely they are lying.

First Five (by NE [PA]) Posted on: Nov 8, 2023 8:19 AM

I had a girl the other day who was pushing five stars for being qualified to move into the property. We got down to discussing the lease signing details and I sent her a breakdown of the move-in costs. As soon as she got that, her dog became an ESA. I told her to send over the paperwork. She said fine. A couple days passed and she emails it to me. Come to find out after a little investigation, it was a fake letter that she bought off the Internet. So this girl who was qualified and probably wouldíve made a good tenant lost her housing, trying to cheat.

First Five (by WMH [NC]) Posted on: Nov 8, 2023 8:40 AM

We had 13 out of 38 pass pre-screening on our last upcoming vacancy - listed for two weeks before we did a showing - so that's huge. We showed it 4 times and ended up renting it to the first people who saw it.

I think YOUR good tenants in NY and PA, etc. are moving to NC (and statistics say they really are.) The PA people tend to be less desirable for some reason. I don't have a good handle on it, that just sticks in my head.

First Five (by NE [PA]) Posted on: Nov 8, 2023 8:54 AM

Us Pennsylvania folks may not be as refined as the tourist destinations area folks. However, once you get through screening us, the ones that pass will be some of the best stock youíll ever meet!

First Five (by unb [GA]) Posted on: Nov 8, 2023 9:22 AM

maple leaf you have hit on something that's just been happening.

Tenant lives like a slob and never does even cursory house keeping. Then stops paying and calls code enforcement on LL. Code people are trained day 1 that it's always the LL's fault and condemn the home.

Tenant still doesn't pay claiming my LL won't fix anything and applies elsewhere. --108.239.xx.xx

First Five (by S i d [MO]) Posted on: Nov 8, 2023 9:58 AM

For every vacancy....

100-200 "I'm suuuuuper interested!" click responses.

30 or so actually fill out the pre-screen.

15-20 are approved to tour.

2-4 apply.

1 is approved and signs a lease.

The sharp drop off between Stage 1 and 2 is due to the vast number of unqualified folks: the minute they get what looks like an email/text from a "management company" they don't bother, knowing there's no one to listen to their sob story. Also some bored tire kickers. Could also be people just testing the waters for plans in the future.

It's numbers game. Don't spend more than 5 seconds per lead in Stage 1. Stage 2 should take less than a minute. Stage 3 takes no more than 2 minutes. That plus lock box tours at a time that is convenient for the potential applicant is how I fill vacancies without losing my sanity and avoid the endless pit of questions and looky-loos that would otherwise devour my time.


First Five (by Gene [OH]) Posted on: Nov 8, 2023 11:05 AM

It is reassuring to see everyone's posts regarding how hard it is to fill a vacancy. I am seeing the same results or maybe even a little worse with my one empty B+ house. I will not give up, but will keep searching for a tenant who meets the qualifications.

Well, I am now off to show the house to a prospective tenant who made it through the pre-qualification process, but we will see if they show up, return the application, or pass the qualifications. Good luck everyone!

First Five (by Oregon Woodsmoke [ID]) Posted on: Nov 8, 2023 11:21 AM

The desperate are waiting to pounce on anything that comes available and they never think about what they can afford. You have to wade through those unqualified applicants before you can find anyone qualified. It's been that way for decades and there have always been a lot of them.

You'll have to kick them out of the way a second time if you change the ad because they will try again.

First Five (by Oregon Woodsmoke [ID]) Posted on: Nov 8, 2023 11:22 AM

I will point out that they are all living somewhere, so their approach to housing is working on someone.

First Five (by Vee [OH]) Posted on: Nov 8, 2023 12:03 PM

It was only back at Nashville the discussion was can we get 1 out of 100, was that 2014? About 10 years the tenant pool has fogotten about saving move-in money, I see now several agencies that provide -head start funds- for those who can not qualify on thier own merits.

First Five (by Sisco [MO]) Posted on: Nov 8, 2023 12:16 PM

NE, while I agree that our culture in the Western world is declining at a very rapid rate, the reasons for having a.05% approval to inquiry ratio are many.

In the past, newspaper classified ads required the person have some general knowledge of the area, and some buy in - they had to buy a newspaper . CL required some online searching and email correspondence.

Nowadays, a phone app that only requires the touch their screen to inquire.

Now this is the part that I didnít see clearly in the past: desperate people/ intentional habitual predatory tenants are ALWAYS searching for another house.

Added to the looks-loos and tire kickers, itís overwhelming without automation.

However, there remains plenty of good quality tenants.

First Five (by mapleaf18 [NY]) Posted on: Nov 8, 2023 12:41 PM

unb, you forgot the part after they call code enforcement; they don't give permission to let the LL in to do repairs. And we have squatter lift off.

First Five (by Jason [VA]) Posted on: Nov 8, 2023 4:05 PM

Automate it a step further so that you donít have to interact whatsoever with the deadbeats. With my system, I only get notified when somebody passes pre-screening. Everyone else is sent a rejection email with zero input or effort on my part. I have mine set up so that if somebody doesnít pass, It wont even alert me (by design). --71.63.xx.xx

First Five (by plenty [MO]) Posted on: Nov 8, 2023 4:15 PM

Yet there remains a housing problem? The unhoused remain unhoused? Maybe lower D units are doing well?

First Five (by tim [CA]) Posted on: Nov 8, 2023 7:18 PM

I've had five applicants for a duplex. Only 1 is unrentable; I'm picking from the other four. --108.201.xx.xx

First Five (by Ray-N-Pa [PA]) Posted on: Nov 8, 2023 8:03 PM

You are not looking for 12 tenants or 100 tenants to fill your unit. You are looking for one well qualified tenant. I find especially this time of year, that I have to laser focus my marketing.

I was able to fill two upper units this week. Both work at the local hospital. I dropped flier and a dozen Tim Hortons off and got five calls

First Five (by mapleaf18 [NY]) Posted on: Nov 9, 2023 7:57 AM

Ray N PA, Hospitals are like fortresses here. I tried that method and I think my donuts made it as far as the receptionist desk. No joy.

As soon as I am ready (this or next week) I will be making flyers to take to the neighbor two houses down. He works at the school district. I tried letting the local DSS know (caseworkers and admin make good money) but the info got released to the DSS clients. Nope.

First Five (by zero [IN]) Posted on: Nov 9, 2023 8:18 AM

Mapleaf, that would really stink, getting the info released to the clients I mean.

As far as the first five, I too was plagued with them. Beyond five but nowhere near as many as some are getting. Smaller area and all that.

Only had two fill out applications. Went with the first one. Second one looks good on paper, but not as good.

First Five (by Ray-N-Pa [PA]) Posted on: Nov 9, 2023 4:56 PM

From what I recall, You might want to find a larger factory over on Electronics Drive and visit HR. Bringing donuts into a hospital is cheaper in that they see them as fat pills instead of the five minute break that I see them as.

In a factory - you might want to bring two dozen as they view them as the awesomeness that they are. We don't have Krispy Cream here but any of the larger employers can help you out, if you help them out. The law of give and take applies

First Five (by Pat [VA]) Posted on: Nov 9, 2023 6:21 PM

This makes me appreciate the tenants we have even more!

Only one turnover so far this year, and she had some negatives on her references but she was the better of all of them. We were real honest with her and she was with us, it's worked out ok so far. She's appreciative because it's close to her work and under market. I like working with her because she's paid on time and very cooperative.

Had a request for repairs on a deck last week, and all of the nails had rusted and it was coming apart. Handyman secured, and stained it, she messaged me immediately and said how nice it looked and how much she appreciates us! Yes, it makes it all worth it.

First Five (by tryan [MA]) Posted on: Nov 10, 2023 9:24 AM

You're all hunting with rifles ... in the hood I had to hunt with a shot gun.

In the days before Al Gore invented the internet. The peeps got a message from my voice mail when an OPEN HOuse would be held. The crowd that showed would cull the dead beats. They all see each other ... many exit knowing they would never rise above this crowd.

Just another way to separate the cream.

First Five (by Lucy [IN]) Posted on: Nov 11, 2023 10:47 AM

Ray N PA What department in the hospital are you dropping this off?? --64.184.xx.xx

First Five (by Lucy [IN]) Posted on: Nov 11, 2023 10:50 AM

I am into month 4 of renting a 3 bd apartment. 100s of inquiries. A handful filling out prequalifying form. 3 showings. 2 of those rejected. It's pitiful out there. Even ppl making good money, have bad credit and a negative balance in the checking account. --64.184.xx.xx

First Five (by zero [IN]) Posted on: Nov 11, 2023 2:03 PM

Lucy, sorry to hear that you have had it open so long with bad applicants still coming in.

Maybe I got lucky?

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