LARGER Rental Prospect Pool just means MORE Work Needs to Be Done!

By
Property Manager with Gibson Management Group, Ltd.

YES!  Our rental market is HOT!....that does not make it EASY!  With the increase in rental prospects in our area, there are MORE inquiries, MORE screening discussions and MORE work for property managers in processing applications. 

This ADDITIONAL work is a REAL turnoff for DIY landlords who continue to take the poorer quality prospects who call/inquire FIRST and  who landlords think is the EASY WAY OUT!  They do not realize that the LARGER prospect pool actually means MORE work NOT LESS because there are MORE rotten apples in the larger prospect pool.

 

For the PROFESSIONAL property manager, MORE inquires, MORE calls just means that there is a GREATER tenant prospect pool from which to SCREEN and SELECT......it does NOT mean there is LESS work or that steps should be skipped.

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

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Rainmaker
421,084
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

Well said, we are also seeing a much larger excellent tenant pool to choose from.  It's not making our work any easier, as I've had a number of occaissions with three to four tenants submitting applications within an hour for the same property.  

I actually wish there were more good executive homes available for lease!

All the best, Michelle

Jul 06, 2011 10:06 AM #1
Rainmaker
1,245,954
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Michelle * I sent out a marketing brochure yesterday - to investor owners of my desirable target market * 4bedroom homes with 2-car garages

Jul 06, 2011 11:38 AM #2
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Wallace - Professionals like you make the job look so easy when it is, in fact, very demanding.

Jul 06, 2011 11:25 PM #3
Rainmaker
1,245,954
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Thank you Conrad....requiring rental applications early in the renting process helps in keeping prospects and paperwork moving!

Jul 06, 2011 11:27 PM #4
Ambassador
1,172,760
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Wallace, The rental market is very HOT right now, and I am sure most Property Manager like yourself are doing an excellent job screening out those bad apples. Keep up the good work. No, it does not mean Less Work.

Jul 06, 2011 11:56 PM #5
Rainmaker
335,193
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

You're right- we are screening more prospective tenants than ever, and turning away more than ever.

Jul 10, 2011 06:50 AM #6
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Rainmaker
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Wallace S. Gibson, CPM

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