Real estate investors reach out to us to find qualified tenants for their rental properties in Port St Lucie.
The last few owners to contact us have been investors who do not live in Port St Lucie, but have rental property in this area. The most recent success has been a one-bedroom condo in the Belmont at St Lucie West
Why rental investors hire a real estate agent
Rental investors hire a real estate agent to secure a qualified tenant. They hire someone with:
- expertise to market the property to the broadest audience
- conversation skills to filter through rental candidates before showing the property.
- showing the property to qualified rental applicants
- processing the applications, credit history, and background checks.
Hiring a real estate agent to find your tenant saves time, stress, hassle.
This owner did not live in the area and needed someone with local knowledge and expertise to find the right person. We were the local agent (the property was just a 5-minute drive), with local experience, and quick response times that enabled success.
How We Found the Right Person
Of course, we put the property in the Multiple Listing Service.
A search of the nearly 43,000 agents found that less than 20 agents had customers with searches that this Port St. Lucie condo would match. That is a tiny pool of people. They might be watching the inventory to make a move months from now, or they might not even be opening their notification emails.
We listed this one-bedroom rental condo at the lowest rent price in a 2-mile radius around the Belmont At St Lucie West.
After a few days of exposure in the MLS and house portal websites, we knew that we’d have to expand our marketing efforts elsewhere.
We used an aggressive marketing strategy on social media. This helped us to generate over 200 inquiries in four weeks.
Some of these inquiries were not ready to move for months out. Some did not have enough move-in money ready. Others failed to meet the credit and income criteria. Others inquired but never continued the conversation after we replied. Others had no interest for various reasons – they found something else, it wasn’t in the area that fit their commute, didn’t want a second floor, and so on.
The real estate investor wanted us to handle all this filtering for the business.
We showed the property to a handful of well-qualified people.
Eventually, we found the one who made the decision to apply.
We Guided the Tenant
Not only do real estate investors hire us to produce a qualified tenant, they also expect us to handle the paperwork.
This tenant was a young adult searching for their first rental apartment as their next step of independence. We walked with them through the process of gathering the right paperwork to apply, getting their background and credit checks done, and finally presenting them to the owner.
Once accepted the owner accepted the application, we guided this young adult tenant through leasing the investors rental property and navigating the homeowners association application.
Success
Landlords hire agents to find qualified tenants. We have creative ways to find them outside of just waiting for another agent to have one.
