Podcast Summary
Finding the Perfect Tenant: 5 Insider Tips: Rob and Rob share their expertise on tenant selection, emphasizing communication, background checks, and building a relationship. They also celebrate their 100th Ask Rob and Rob segment and ask for help finding quality tradespeople.
The Property Podcast values transparency and sharing knowledge, as evidenced by their latest episode where they share five insider tips for finding the perfect tenant. Rob and Rob also celebrated the 100th episode of their Ask Rob and Rob segment, reflecting on how time flies with their growing podcast output. They also asked for their audience's help in finding quality tradespeople for their expanding letting agency, Yellow Lettings. In this episode, they emphasized the importance of collaboration and community in solving business challenges. The podcast continues to provide valuable insights and tips for their listeners, and their audience is encouraged to engage and contribute to the learning experience.
Liverpool Leads the Race to Host the 2022 Commonwealth Games and Unusual Ways to Find the Perfect Tenant: Liverpool is the new front-runner for the 2022 Commonwealth Games, bringing infrastructure and investment. Unusual ways to find tenants: reach out to universities, social media, local businesses, and host open houses.
Liverpool is currently leading the race to host the 2022 Commonwealth Games in the UK, and this announcement is expected to bring significant infrastructure and investment to the winning city. While Birmingham was initially the front-runner, Liverpool's recent designation as the top sports city in the UK has given it an edge in the competition. This news is relevant to the property market as both cities are expected to benefit greatly from the games. Meanwhile, the hosts discussed an alternative way to help their podcast - instead of writing reviews, they asked their audience to recommend people they know who might benefit from the podcast and have them fill out a form at yellowlettings.net/tradeshelp. Moving on to the main topic, they shared five unusual ways to find the perfect tenant. These methods include reaching out to local universities, using social media, partnering with local businesses, and hosting open houses. The hosts emphasized the importance of thinking outside the box and being proactive in finding tenants. Overall, the episode provided valuable insights on current events and practical advice for landlords and property investors.
Expand your reach to find the perfect tenant: Use popular property portals, Gumtree, and foreign tenant networks to increase chances of finding the ideal tenant, reaching a larger audience, and potentially avoiding language barriers.
While using popular property portals like Rightmove and Zekla is essential for reaching the majority of tenants, it's not enough to guarantee finding the perfect tenant. To increase your chances, consider using additional methods like Gumtree and foreign tenant networks. Gumtree is a cost-effective way to list your properties, with most areas allowing free listings. Although its effectiveness varies, it's worth testing in your area. For instance, we found that York had particularly good results. Even the premium listings are reasonably priced, making it a worthwhile investment. Foreign tenant networks are another valuable resource, especially for landlords looking to attract tenants from specific countries or regions. These networks can help you reach a targeted audience and potentially avoid language barriers. While there may be a membership fee, the benefits of reaching a qualified pool of tenants can outweigh the cost. By incorporating these methods into your tenant-finding strategy, you can expand your reach and improve your chances of finding the perfect tenant for your property.
Connecting with foreign national communities benefits property investors: Building relationships within foreign national communities in the UK can lead to successful property lettings through word-of-mouth referrals and strong networks. Utilize language skills, Facebook groups, and connections to tap into these networks.
Building connections within foreign national communities in the UK can significantly benefit property investors, particularly in areas with high concentrations of such populations. These communities often have strong networks, and word-of-mouth referrals can lead to multiple property lettings. Investors can tap into these networks by employing staff with language skills or reaching out to friends with connections. Additionally, utilizing Facebook groups targeted towards specific communities or areas can be an effective way to connect and list properties. However, it's essential to follow any rules or etiquette of the Facebook groups to avoid spamming. Overall, investing time and effort into building relationships within these communities can lead to easier and more successful property lettings.
Exploring Facebook groups and asking current tenants for referrals are effective ways to find new tenants.: Facebook groups and current tenants can provide valuable leads. Investing in areas with major employers and directly approaching them for potential tenants are also effective strategies.
There are simple and effective ways to find new tenants for your rental properties beyond traditional methods. Rob suggested exploring Facebook groups for potential leads, which can be a time-efficient strategy if you have properties in the same area. Another approach is to ask your current tenants for referrals, as they may know someone looking to move and would be happy to recommend you to their friend. Additionally, investing in areas with major employers can increase tenant demand and potential for capital growth. A less commonly used strategy is to directly approach major local employers for potential tenants. These methods can save time and resources compared to traditional advertising methods. If you have a virtual assistant, they can also help with the follow-up communication with potential tenants. Overall, these strategies can lead to easier lets and a stronger tenant base.
Be proactive in marketing rental properties: Engaging in local bulletin boards, networking, and reaching out to local organizations can lead to quicker tenant acquisition and future tenant referrals.
Being proactive in marketing your rental properties can lead to significant rewards, such as getting listed on local bulletin boards or intranets, which most landlords don't bother to do. This strategy can help you find tenants more quickly and even attract future tenants through the network effect. The effort put into these strategies may be minimal compared to the potential benefits, making it a worthwhile investment for property investors. Additionally, engaging with local organizations, such as factories and airports, can also lead to successful tenant inquiries. Overall, being proactive in marketing your rental properties can set you apart from other landlords and help you find the right tenant more efficiently.
Exploring the Future of Property Investment with Stans Ad Blocker: Listeners can use Stans, a fair ad blocker, to decide which ads to block or allow while browsing, and the hosts discussed their predictions for the future of property investment.
The hosts of the podcast had a successful live episode and discussed the idea of doing more in the future. They also shared a resource for the week, which is an ad blocker called Stans. Unlike other ad blockers, Stans allows users to decide which ads to block or allow, making it a "fair" ad blocker. The hosts also mentioned their prediction for the future of property investment, which they will explore in detail in a future episode. Overall, the podcast was an enjoyable and informative discussion, and the hosts encouraged listeners to share their thoughts and predictions as well.
Listeners can suggest trades to the hosts: The Property Hub hosts welcome listener input on potential real estate deals and encourage submissions on their website.
While there are no guarantees in real estate investing, the hosts of the property podcast are open to hearing from their listeners about potential trades. This was discussed in the context of a forthcoming podcast episode featuring Rob and Rob, as well as a call for listeners to submit their recommendations on yellowletting.net/tradeshelp. The hosts emphasized that if you've gained value from their podcast, they would appreciate your input. Until then, they encouraged everyone to have a great week and reminded listeners to check out their past episodes and leave reviews on thepropertyhub.net/podcast.
