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Real Estate Rental Business (Things to do. (Talk to people. (Go out and…
Real Estate Rental Business
Solves a real market-based problem.
People want a pleasant renting experience.
People are tired of dealing with apathetic landlords.
My properties will be managed by the best people.
These tenants will enjoy a great renting experience with my company.
Lack of high-quality rentals.
My business will provide these.
They will be well maintained and high-quality
Demand exceeds supply.
There simply aren't enough rentals out there.
My business will provide many more for people.
Involves Significant savings.
My business will offer rentals at fair market value.
But in addition, we will offer several things.
Superior property management.
Prompt Maintenance
Higher quality homes.
Fits current consumer behavior.
People are renting houses now.
Renting is a better option for many people.
If they are only living somewhere temporarily.
They do not have a long term commitment.
They do not need to pay property taxes.
There will ALWAYS be people renting houses.
Renting conditions will most likely be very similar 30 years from now.
People always need somewhere to live.
Things to do.
Talk to people.
Go out and personally ask people what they think about your business idea.
Gauge from them the level of need in that area.
Make sure there is a real need.
Research comps on other houses, rentals,
growth/decline of the region.
You don't want to make a push in an already flooded market.
Find who your customers are.
You must find WHO your customers are in order to
have effective marketing.
This is a very important step.
Avoid obsolescence.
Make sure you are constantly changing
and staying ahead of the times.
Becoming obsolete will only happen if you fail to read the warning signs ahead of time.