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Best way to find tenants when not using an agent

Discussion in 'Real Estate' started by Chris C, 7th Apr, 2008.

  1. Chris C

    Chris C Well-Known Member

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    I don't mean to hijack this thread or anythign, but can I ask, what are the best ways to go about finding tenants if you aren't using an agent?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    I thought it was an interesting enough question - so I moved it to its own thread.

    It depends on the local area - most agents will just place advertisements for tenants anyway - often in a local newspaper or more increasingly these days, online with realestate.com.au or domain.com.au

    In Adelaide for example, the Saturday Advertiser newspaper (and Wednesday as well if in a hurry) was where you went to advertise rentals. More adverts are now going online though.
     
  3. Jacque

    Jacque Team InvestEd

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    www.domain.com.au for private rental listings would be my first choice closely followed by Sat paper (in your case, the Courier Times) with a brief 2-3line ad. The Brissy market is pretty hot at the moment with rising rents as well, so I wouldn't imagine you'd have too much of a problem.

    Make sure you also obtain a leasing pack (from local PO or newsagency) collect and register the bond and do it properly. I also find taking photos as part of the initial condition report a good idea for your files.
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Interestingly, not long after this thread was started, I found out about a relatively new website called rent.com.au - which offers both agents and individual property owners a place to advertise rental properties online.

    We have been able to negotiate a 25% discount on listing fees with them for InvestEd members - this page has more information on how to take advantage of this offering:
     
  5. Jacque

    Jacque Team InvestEd

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    Wow! What a great deal, Sim :)

    I like it- and daresay it will take off, given enough publicity. Domain is much more expensive and if tenants have a dedicated site to look at rather than the big 2 I think it would be a great alternative.

    I'll be suggesting my PM's advertise my IP's on there when they come up for renewal.
     
  6. lura

    lura Active Member

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    when not using an agent

    Hi Chris C,
    If your property is located in Brisbane - you shouldn't have any problem just placing an ad in the local paper - Quest - for your area. It'll only cost about $25 for two distribution areas surround your IP for a short ad. The market is so tight at the moment, you shouldn't have any problems. We did this a few weeks ago for my cousins property and got several viewings with acceptance of an applicant ready to move in the following weekend.

    There are a lot of desperate tenants out there at the moment, so do your applicant checks thoroughly - even drive by their current property to make sure.

    Your property is probably already rented by now - good luck anyway.