Entrepreneur Bootstrapping Business Idea – Become an Apartment Finder or Broker

People rent apartments in every city in the country. As an apartment finder, you will be hired by the person looking to rent. They will pay you a fee for finding them a place with certain specifications and you will make appointments.

The success of this position will vary depending on where you live. The bigger the city, the more chance you have for success. In New York, it is almost a necessity to have an apartment broker, and they get thousands of dollars for finding them.

You may also get referral fees from the apartment buildings themselves. There are multiple ways that you can organize this business, but you will need a steady stream of people to make it worthwhile.

You may get referrals from other states that are looking to relocate and for that  you will need a high quality website that explains the entire process and tells people who you are and how they will be treated. Your website should contain a customer survey that the person can fill out, listing their wants, location, and price range. This way you will not need to interview each person on the phone and waste valuable time.

You can create a niche for yourself, renting only to students, the affluent, or just relocations. Once the rental agreement has been signed, you get paid and the living situation is no longer your problem. It will be between the tenant and landlord at that point. However, it will be critical that you do not recommend bad landlords to people, or you will lose your credibility.

You will need to know who to ask for all of their inside information. Try to be the first one to find out when an apartment opens up, so that you can create a name for yourself. Keep an updated mailing list, since you will know where all of you clients live and how long their rental agreements are. When it get to be 3 months form the end, start marketing them with reminder emails, asking if they want to move somewhere else.