{"id":3173,"date":"2012-06-22T11:46:04","date_gmt":"2012-06-22T11:46:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3173"},"modified":"2012-06-22T11:46:04","modified_gmt":"2012-06-22T11:46:04","slug":"single-family-homes-hot-rental-item","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/single-family-homes-hot-rental-item\/","title":{"rendered":"Single-Family Homes a Hot Rental Item"},"content":{"rendered":"

Single-Family Homes a Hot Rental Item.<\/h2>\n
\"Single-Family<\/a>

Single-Family Homes a Hot Rental Item<\/p><\/div>\n

Are your clients reluctant to sell their homes in a down market? Well, you\u2019re in luck: Fannie Mae reported that the single-family home rental was the fastest-growing sector of the rental market from 2005 to 2010 \u2014 and it\u2019s still growing.<\/h3>\n

While it might not be the best time to sell a home, you can certainly use this opportunity to help your clients rent it out. Becoming a leasing agent involves a smaller commission, but you\u2019ll also be able to nurture clients until they\u2019re ready to buy a home down the line. Here\u2019s how to expand your agency\u2019s service offerings and navigate the world of rentals.<\/p>\n

You already know how to sell<\/h3>\n

Leasing isn\u2019t too far removed from selling \u2013 you\u2019re set if you\u2019re already a licensed real estate agent, aware of the laws involved, and how to facilitate a real estate transaction. You also know that closing a deal involves more than writing a listing and holding a showing. Now just apply your knowledge to rentals.<\/p>\n

Build your inventory<\/h3>\n

<\/strong> In order to start advertising and leasing properties, you need rental<\/em> properties first. Contact local landlords and property managers, browse rental search websites, and use the MLS search engines as a resource. Reach out to landlords and property managers who have advertised their listings to see if they need any help filling their vacancies.<\/p>\n

Obtain the necessary documents<\/h3>\n

<\/strong>Collaborate with the property manager or owner to get the paperwork you need to help them lease the property. Have them sign a contract for your services, and make copies of the lease or rental<\/span> application as well as any other documents the property owner requires renters to complete.<\/p>\n

Add rentals into your online presence<\/h3>\n

<\/strong>If your brokerage or agency already has a website dedicated to homes for sale, it\u2019s time to add a \u201cfor rent\u201d category. Make sure the two are easily distinguishable so there\u2019s no confusion on whether or not a property is for lease. Feel free to share your new service and rental<\/strong> properties on your social media accounts<\/a>, too. Also remember to notify your existing clients to let them know you\u2019re now doing rentals.<\/p>\n

Start advertising<\/h3>\n

<\/strong>An Apartments.com survey found that 90 percent of renters search multiple websites when they\u2019re looking for an apartment. Close deals faster and make sure your properties are seen by advertising your listings where renters search. Make your listings competitive by writing detailed descriptions, including information about the length of lease, included utilities, surrounding area, and photographs.<\/p>\n

When interested renters respond, screen them and schedule a showing with them. Now it\u2019s time to use those sales skills to close the deal!<\/p>\n","protected":false},"excerpt":{"rendered":"

Single-Family Homes a Hot Rental Item. Are your clients reluctant to sell their homes in a down market? Well, you\u2019re in luck: Fannie Mae reported that the single-family home rental was the fastest-growing sector of the rental market from 2005 to 2010 \u2014 and it\u2019s still growing. While it might not be the best time … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3173","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nSingle-Family Homes a Hot Rental Item - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Single-Family Homes a Hot Rental Item. 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