Podcast Episode #66 – Top 10 Factors Affecting Real Estate in 2025
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Read MoreA few years ago, I found myself in the unenviable position of having SEVEN vacant rental properties (ouch!). The typical newspaper ads were not pulling enough calls, and many of the callers were Section 8 tenants (barf!).
Nauseous at the thought of forking out another $4,500 on vacant properties next month, I decided to pull out an old, but underutilized technique… the paper flier. I made hundreds of fliers on my computer in various colors. I included a map with directions on the flier (thanks to www.mapquest.com). I had them distributed on car windshields in every shopping mall, supermarket and church parking lot within a mile radius of the rentals.
Did I get some nasty calls from people who didn’t appreciate the flier on their windshield? Sure, but who gives a hoot? Fliers sell houses! Read all about it in my Marketing For Motivated Sellers Course.
Here’s another bonus for fliers: you can legally discriminate using them. We all know that you cannot advertise for families, because it is discriminatory against single people. We also know that a family with kids is less likely to break a lease early than a single person (I don’t need statistics to tell me this, for I know that the thought of packing up my kids’ crap is enough to make me want to NEVER move!).
HERE’S THE POINT: If you place your fliers in places that families visit, your chances of finding a family to rent are increased. Rather than a blind ad in the newspaper, put fliers on windshields of cars parked at Bennigan’s & Chili’s Restaurants (who else would eat at such horrid places?). Place flyers in church parking lots, schools and Toys ’R Us. The law says you can’t STATE who you want as a tenant in your flier, but it doesn’t prohibit where you distribute the fliers!
Best of luck! If you are just beginning in real estate, having a good mentor and/or attorney can really be of benefit!
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Read MoreThere are many benefits for both the buyer and seller when doing an owner-carry installment sale as opposed to the buyer obtaining conventional mortgage financing on an apartment building. Sometimes the advantages inure to the benefit of one or the other, but in most cases, the transaction can be a “Win/Win” for both parties. Let’s examine
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