I Found Tenants With Gumtree Again

The art of finding tenants

I guess this is another post about how awesome I think Gumtree is for finding tenants. I swear to God, I don’t work for them, nor am I involved in any kind of affiliate partnership. I just like giving credit where credit is due. Gumtree delivered the goods again, so here’s the credit…

My regular readers will be aware that I’ve recently been trying to hunt down tenants for a vacant property.

When looking for tenants this time round, I utilised the following methods:

The list is in no particular order, but using a Letting Agent is literally always my last option because they’re usually lousy and expensive. I always get one or two local agents on the case when I have a vacant property, just because I like having as many options as possible. And ultimately, if the other methods fail to produce, it’s some times worth coughing up the extortionate letting agent fees to avoid having an empty property.

Gumtree, Rightmove and the letting agent actually generated the most leads (as expected).

How Rightmove Performed

Rightmove performed ok. I managed to squeeze 6 enquiries and 3 viewings out of it, nothing too overwhelming, but it was cost effective (£30 for 4 weeks), so I won’t complain.

Resources
How To Advertise Your Buy-To-Let On Rightmove
My Experience With Letmatch To Advertise A BTL On Rightmove

How the Letting Agent Performed

I’m not entirely sure how many viewings the agent took, but apparently it had it’s fair share of interest (so I’m told). But I’ve already made it clear how poorly they performed in terms of service. I get the impression they just wanted to fill the property ASAP to earn their commission, as opposed to actually finding me the quality tenants I wanted.

In short, I asked for working professionals, they presented me with a 25yr old single mother that works part-time and relies on social benefits, and expected me to sign on the dotted line.

Resources
7 Things The Letting Agent Did Wrong

How Gumtree Performed

Gumtree generated about 10 genuine enquiries. For a free listing, that’s awesome! The only problem with Gumtree is that wedged amongst the genuine enquiries, you tend to get a lot of junk enquiries from scammers and hagglers.

I eventually found the ideal tenants from a viewing I took from a Gumtree enquiry. I know Gumtree gets a bit of a rough time from landlords because it generates leads from spammers, total deadbeats and parasites. While that’s partially true, it’s not entirely true. I’ve found quality tenants from Gumtree before, and I’ve done it again.

I’ve managed to bag a small family that has perfect rental and employment records. The main breadwinner is a Doctor at the local hospital, and is looking for longterm accommodation.

I’m happy.

Resources
Tips For Using Gumtree To Advertise Your BTL Property
Finding Tenants Without A Letting Agent

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5 Comments- Join The Conversation...

Guest Avatar
YesAdam 16th June, 2011 @ 16:17

£9 per listing now on GumTree, or £40 a month. What do you think of the changes landlord?

1
The Landlord Avatar
The Landlord 16th June, 2011 @ 19:19

Oh really, they've bumped it up to £9 per day from £7?!? That's crazy! £7 was ridiculous enough.

Anyways, not sure if you saw this...

http://www.propertyinvestmentproject.co.uk/blog/how-landlords-can-avoid-gumtrees-bump-fee-and-2-free-rental-ads-per-year-limit/

2
Guest Avatar
mary 4th February, 2014 @ 14:35

i did not like the single mother who works part time and relies on benefits line. Quite a snotty thing to say i think.

3
Guest Avatar
Julia 2nd March, 2015 @ 13:26

Wow! I was enjoying your article until you went into detail about the letting agency recruiting a single mother who works part time and relies on benefit. I did not realise we should ostracise one because of their circumstance.

You are ignorant and you have no right to judge others.

4
The Landlord Avatar
The Landlord 2nd March, 2015 @ 13:49

@Julia

You missed the point. Ironically, I think you're being ignorant.

If you went into a cafe and asked for a coffee and received a bottle of coke instead, what would you say? Would you consider it good service?

The letting agent made me complete a form- I had to tick boxes relating to what kind of tenant I was looking for. They offered me a "product" that didn't match the criteria I had specified so what was the point in me even filling in the form?

I didn't judge anyone. I'm saying I ordered one thing, and got another. I received poor service, and they wanted me to pay for it.

5

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