6 Ways a Property Manager Can Improve Your ROI
Your rental property got another ticket from the city you don’t understand. You can’t seem to find and keep quality tenants, though you have plenty...
3 min read
Powell Property Management : Jul 15, 2022 8:00:00 AM
You are tired of showing your property to people who do not follow up or pass a background inspection. It’s time to get serious about social media marketing for your rental property. Your old ways of getting the word out about your rental units aren’t making the phone ring as often anymore.
Modern tenants search for rental properties the way they search for everything: online. Whereas many natural leads used to come from advertisements in public spaces, many digital advertisements now perform the same function. When was the last time you saw a tear-away phone number advertisement tacked to a public bulletin board? They aren’t around as frequently as they used to be. Though we still recommend community advertising, you will miss out on an entire market sector if you neglect your online marketing.
Powell Property Management has been proud stewards of Burien, Normandy Park, and Des Moines rental properties for more than a century. We have learned countless lessons about the changing landscape of real estate marketing and offer a variety of resources aimed at supporting landlords in today’s fast-evolving rental market. Benefit from our hard-won expertise in social media marketing and avoid rookie mistakes that can cost you quality prospective tenants.
Online marketing is the cheapest and most efficient way to reach the widest audience, including prospective move-ins from out of town. You are interested in reaching anyone who knows someone who is looking for a place to rent because most online postings are easily sharable.
Many tenants find their next place because a friend spotted a listing on their behalf. Many online listings are free, and some charge a listing or membership fee. Many cities or regions have local platforms for rental searches. We recommend a combination of social media and rental-specific sites.
With a broader reach of a huge social media platform comes a wider range of tenant caliber. Not everyone who comes across your Facebook ad will be a great fit for your property. Some savvy tenants are cautious of rental listings on social media because they are not vetted and moderated the same way online rental listings from reputable sites are. Rental scams are more common on social media sites than rental-specific pages, though they can certainly appear there as well.
Social media ideas for listing your rental property can be challenging and overwhelming. Here are our top tips for marketing your property online:
Powell Property Management's one hundred years of experience benefit both landlords and tenants in the South Sound area in countless ways, large and small. Experience peace of mind knowing your real estate investment is in expert hands. Reach out here if you're in Burien, Normandy Park, or Des Moines, WA, or give us a call today to get started.
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