Apartments in Baltimore... First Post!

General Real Estate Investing
1

Hello REIClub…

This is my first post, I arrived here on advice of my sister… I am helping my mother out with her apartment building… 16 units, one and two bedrooms… $790 - $900… in Park Heights, Baltimore.

I have no idea where to begin marketing the apartments!

Well… I initially began with Craigslist, which booted my ads off every other day and took way too much time managing. Yesterday, I tried www.Rent.com… paid the very expensive fee of $150, and so far no bites…

How do people in this price range look for apartments in Baltimore?

Thank you so much, and I hope to find a warm and active community of real estate investors!

Thanks,

Richard

2

have you tired hotpads.com? Don’t know how much it costs, but it is pretty slick to use.

3

You might consider trying one of the local college newspapers or even a local community paper.

4

I would try a free real estate classifides site.

5

Richard, I’m from Baltimore. Go to the next Baltimore Real Estate Investment Association Meeting in October and network with other investors to find someone who may be interested in buying it. The next meeting is October 21st
http://www.baltimorereia.com/index.php?option=com_events&task=view_detail&agid=110&year=2010&month=10&day=21&Itemid=264&catids=44|43

6

That is a good thought, it would be good if you consult someone who can deal with this issue. Good luck with your search.

7

Can’t imagine why Craigslist would flag a normal, authentic for-rent posting. Any idea why they’re being flagged?

I live in the DC area and here’s what I do: go to www.vflyer.com and create a flyer. Not only does it blast the rental listing out to over a dozen classified sites for you, it also gives you the HTML code to copy & paste into Craigslist. This creates a beautiful listing, plus it’s free for like 5 flyers or something like that.

I’ve never had a vflyer listing flagged on CL.

8

Are you trying to rent the apartments, or sell the building?

On Craigslist, you can not put anything illegal in your ads, nor insult any sensitive people.

Also, you are only allowed to post an ad once and you can only renew it every 3rd day.

There should not be any problem with posting a legally written ad for apartments for rent.

Craigslist is the best bet for a free ad. Most tenants look on Craigslist. You can pay for an ad in the classified section of your local newspaper. Also, have a professional looking apartment for rent sign on the outside of the building.

9

We’ve had good success leaving a display ad in the Thrifty Nickel / PennySaver every month. It’s relatively inexpensive if you keep it in every month. After a while, people get used to seeing the ad and call us. It was good for about four calls per week on a 30 unit building.

10

Search the internet to find where to put classified and maybe you’ll find free sites with higher rank.

11

I have heard this from my friend and he told me that it is good to get through this resource. But I am not known to this and I have to get into this.

I will try everything bit to be here.

12

Well, it all depends on how much money you have available for rent, give us a figure then we can go from there.

13

What? :huh

14

Virtually the same post was given in response to a post about paying yourself from flips. Hmmm… Spam bot gone awry maybe???