Nothing would make me fill my shorts like posting my property for rent after buying it and getting crickets. Before I bought my most recent property, I had anxiety… and not really for any good reasons, truthfully. I had done my due diligence, but I was still worried about not being able to rent it for what I was planning on. But here’s what I did to settle and curb that anxiety and I HIGHLY RECOMMEND IT.
I did this after I had my offer on the house during the due diligence period. Take a sunny Sunday afternoon, when everyone is home and hanging outside, and walk around the neighborhood for a couple hours.
And TALK TO EVERYONE! Almost all my conversations went like this:
Me: “What up man, how are you guys doing?” Neighbor: hesitance “Good.” Me: “Cool, well I’m thinking about buying the house around the corner and was just walking around checking out the neighborhood” Neighbor: hesitance GONE “Awe, no way. Cool man.” Me: “You like living here?” Response Me: “Yea I was talking to your neighbor and she said she really liked it too. Hows the neighborhood?” Response Me: “Do you rent?” Response Me: “Is it expensive? How much do you pay per month if you don't mind me asking?” “Is that a 3 bedroom, 1 bathroom?” “Did you have a hard time finding a place?” BLAH BLAH BLAH
I talked to 15-20 people. Found out there were already tons of renters, neighborhood was good, people liked living there, they were friendly, rents were increasing, and I now had 15-20 data points for SFH type and rent
Also, good idea to keep notes in your phone. If you don't, you’re not going to remember who said what.
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