so on the phone this afternoon with a very savvy investor from NC. We realized we were facing a lot of the same challenges regarding our rental and Note properties. I picked up a really good idea from him. Something I have never really used before is a handy man special ad, and tomorrow I will place one on a rental we don’t still have “rent ready”. I just don’t want to deal with the thing. Rented out in Nov., they paid first, last and deposit and Dec 1 they gave 30 day notice and left. left all their cr***y furniture, fridge full of spoilt food and 40-50 bags of trash. Needs a good cleaning, carpet cleaning and paint in master bedroom (partial pink mural). Rather that attack it using our crews, I will skip 500 deposit and have folks move in with a cleaned out house and first and last rent as move in allowance. It will be 3 weeks before I have crew available to fix up this unit.
Something I have never been shy about is admitting I don’t always have all the answers. The market here has gone crazy. Typically there are 55-80 for rent ads in the Ocala Star Banner Sunday paper…last Sunday there were 456 in Marion county alone. Folks built spec homes in the good times and are tired of feeding them each month as they are NOT selling. I lost avery good tenant in Oct. He was with me for 15 months and rented a 4/2 28 X 70 1999 mobile on a acre for 1100 per month. he moved into a brand new 3400 square foot custom home. 4 bed/ 4 bath, porcelain floors, granite countertops, stainless apps, heat pump, three car garage for 800. No deposit, no last month. Home was built/completed in /feb and the Owner was paying 1700 per month on it…got tired of paying that so low ball rented it…i was happy for my tenant, sad to lose him. In this same new neighborhood I counted 33 for rent signs!!! Needless to say, this is killing my business model. We are having to get creative to rent our mobile homes out.
While talking to my buddy, I thought it would be cool to post some of my current favorite ads and where I place them and ask y’all to do the same. We have a huge collection of brains here and I need to tap some of this energy. Please post some ads that have worked well for you. My area is unique in many ways, but I bet it also similiar to other areas. Here is an kinda weird stat…over 2/3 of our tenant base are in construction trades.
We place ads in this daily paper:
with ads like this:
YOU FOUND US!
LAKE WEIR PALMS
3/2 Doublewide, nice, clean, pet friendly park setting. $800 mo. First month free.
We require last month rent and $500 deposit to move in.
2/2 Singlewide, nice, clean,
$600 month. First month free. Last month rent and $500
deposit to move in.
Sewer and Garbage Paid
We are a Pet Friendly
Mobile Home Park and only
allow A+ Tenants. This is a very clean and well kept community. Park Rent includes Lawn maint.,
For more info call Greg:
352-216-2020 or 352-216-9919
Email a Friend
and then this:
with these ads:
WE HAVE SEVERAL NICE HOMES AND MOBILES HOMES ON LAND FOR RENT. $600-$1000 PER MONTH. SINGLEWIDES, DOUBLES, HOMES. ALL HAVE CENTRAL A/C AND WE ALLOW NO PETS. OCKLAWAHA, BELLEVIEW, OCALA, THESE ARE NICE, WELL MAINTAINED HOMES AND ARE EMPTY AND WAITING FOR YOUR FAMILY. CALL TODAY FOR A CURRENT LIST OF HOMES. 352.216.2020 ASK FOR GREG OR 352.216.9919 ASK FOR TJ. [xp.02] Infinity Homes, Phone: 352-288-0046, E-mail: firstname.lastname@example.org
I really ask that other folks post current or past ads that have had good results for you…we are in challenging times here, also very exciting times. I feel folks that have tight control of their business models willt hrive…but the old days of rentals renting themselves are gone from my market!!
Thanks in advance,