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Looking for the perfect rental by proxy...

By
Real Estate Agent with Chase Realty LLC

   How many of you have shown a rental property to a parent .Who was looking for the perfect rental for their child ? You know the one that just graduated from some university and they are coming to the big city for the first time.

  We ,always ask the parent or guardian if they are signing as a co-signor or will they be on the lease? If there answer is no. They are just looking for their child who is too busy to look. Then , we will give them a list of potential area's and some prospects that may or may not be there when the child is ready to look.

 We usually give them the necessary paper work as a rental application with our company filled in as the rental agency and answer most of their questions. We also advise the lookers on the benefits of purchase versus rental over the time period their person of interest will be in the area.

 Does anyone else have any idea's?

 

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

So what you tell them is you are too busy to show them anything? I am sure that these parents are generally a time waste, but some of them may be the ones who make the decision and will be the one to bring their children back when the off spring is ready to buy. 

Sep 15, 2014 09:32 PM
Bill Lauler
Chase Realty LLC - McLean, VA
Associate Broker,CIPS,CRB,SRES,GRI

I will take them out only after they sign a tenant agency agreement with a non-refundable deposit.

Sep 15, 2014 11:07 PM
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

Yes, I will tell them I am too busy (if that was in my market). No different than mom looking for the kids to buy. "Are you the decision maker? Is your son/daughter married? Have they been pre-qualified?" Why waste time running them around when you have no idea what the kid is actually looking for?

If the kid calls me and says, "My parents are previewing for me and here are my parameters...." Then I would have no problem showing the parents.

Sep 16, 2014 04:56 AM
Bill Lauler
Chase Realty LLC - McLean, VA
Associate Broker,CIPS,CRB,SRES,GRI

Good Afternoon Than , Thanks for the comment.

Sep 16, 2014 05:32 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I try to also set people up on an auto-email drip so that it sends them emails every day or every week of new properties that might work for their needs. 

Sep 17, 2014 03:08 AM
Bill Lauler
Chase Realty LLC - McLean, VA
Associate Broker,CIPS,CRB,SRES,GRI

Hi Rob , Thanks for the comment . I will try it out.

Sep 17, 2014 07:16 AM