How many homes are you now managing? Of those how many are currently rented?
While we are constantly adding properties at present we have about 450 homes in our inventory. At any given time we are advertising 30 to 40 for rent. Among those some are not yet available and some have approved applications. We do continue to market properties until we have a signed lease, the security deposit and the first month's rent in hand. We start marketing our homes soon after we learn of the availability date. Unless a home is very upscale or unusual we should have it rented within 30 days. If a property takes longer than that to rent we are either priced above what the market will bear or the house doesn't show well. The link below is to our currently advertised properties. In addition to our two websites we post on the Huntsville AL MLS, Craig's List and we have an online marketing firm that posts our listings on a few dozen real estate related sites. We also use yard signs, some print ads and receive a lot of referred tenants and owners from our reputation.
In addition to the marketing above we are testing a couple of other websites and Google advertising plans. Our current marketing is effective but we are always looking for ways to improve.
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