Show154: Where do I find rental properties?

where do I find rental properties

It’s the 4th Day of Christmas!

If it’s your first property finding it doesn’t have to be fancy or expensive

There are tons of resources available to help you find potential rentals.

The key is knowing and using the variety of resources available for you because not all properties are listed on every platform.

And sometimes properties aren’t listed anywhere at all.

Yes, you actually have to get out and talk to people and get deals through word of mouth.

But sometimes these can be the best deals.

So let’s go over some of the places you can find deals.

1.) Traditional Real Estate Apps/Websites

While I mention these above in passing of course this is one of the most used ways people find property today. And one I use week in and week out. (I just don’t rely only on this one).

There are a number of Apps/websites out there that you can use to find properties (, Zillow, Trulia, Redfin, etc) Find one that works for you because they are all a little bit different and offer some different information.

Pros: They are easy to use and navigate. They list all properties, not just residential, not just investors. Since they have Apps you can access them anytime, anywhere.

Cons: They don’t list every property for sale and may not list the distressed or foreclosed properties that investors often go after. Sometimes the information that is presented (taxes, insurance, etc) isn’t always the most accurate.

2.) Facebook Market Place Groups

This is an up and coming way for investors to find deals and is not in every town or city yet. However, even in my small town in PA we have a group that is a For Rent/For Sale Group where people can go on and list properties for rent or for sale.

It’s great because it’s accessible by many and easy to get information from the sellers because of the notification system within Facebook. Also, you can get a feel for feedback people are giving on properties and use that as good data for you while you learn your market.

Pros: It’s Facebook, so many of us are on it numerous times a day. They have the notification system so you can get notified when there’s activity in the group so you can respond to deals quickly. It’s easy to gather information and ask questions about potential deals without having to go through a realtor.

Cons: If you don’t know what questions to ask then you might get stuck. Some don’t like to mix personal and business and view Facebook as a personal platform. You can end up working directly with the seller without a 3rd party representative.

3.) Work with a Real Estate Agent

When you’re just getting started one of the key things that can help you find comfort in the process of buying an investment property is working with a real estate agent.

But I caution that you don’t just want to work with any agent. I recommend working with one that is ‘investor friendly’. Meaning that they already work investors or are investors themselves.

The truth is that buying and selling property for personal consumption is very different than for investment purposes.

There’s a tweak in mindset that has to happen and if you’re looking for someone to support you in the process you need someone who understands that this is different.

When you choose this type of agent, they’ll know what sorts of questions you should be asking, what numbers you need to know and how to analyze the deal to see if it makes sense for your ROI.

Pros: They do the searching for you, so you don’t have to. This saves you time. They can even preview properties for you to see if they meet your goals/standards as an investor before you waste your time scheduling showings.

Cons: If it’s not an investor friendly agent then they might not give you the best advice. You have to work around your schedule and someone else’s to find time to see the property.