Learn The Secrets to Starting An Apartment Finders-Locating Business

The Rental Locating Business

The rental referral business is one of easiest and most powerful business you can start. It required no special talent other then wanting to succeed, and making phone calls. It's totally easy to learn and succeed with this because every business loves referrals for one simple reason.

It's free advertising for their business. (Not to mention that the rental agents work on commission also, so everybody wins) so anybody that wants to passively represent them, and sends referrals directly would be totally willing to accept business from your efforts. Who wouldn't? There are plenty of rental opportunities in this industry.

With so many homes in foreclosure there are more homes that need to be rented then ever before. Take a look at online classified advertisements for homes for rent. It's astounding how many there are. That is where you come in, find renters, and collect your finders fee in the same manner you locate apartments. Simply advertise (for free explained later) put renters with owners of homes for rent and collect your fee. This is truly a win-win situation that you should always keep in mind as a sideline for extra income.

Frequently Asked Questions: Can I do this in my spare time? Yes, collect the free material, choose properties you want to promote utilize the free advertising methods outlined in this book and just sit back and wait for the calls to come in. How much money do I need to get started? There is no outlay of upfront cash in order to start an apartment locating business but you will need a phone (cell, or home), a fax machine (easily obtainable at any goodwill, and transportation to check out the properties you will be promoting.

The Apartment Guides are free usually provided at most local grocery stores at the front entrance. Additional advertising is low in cost however I suggest other methods in the beginning. (Covered later in this book.) Do I need a business license? Yes, any business is required to obtain a business license usually around $60 or less so check with your local agency or go online to obtain the forms required. It only requires you complete the application and pay the fee. That's it! What about all the other Apartment Locators, can I compete? It's obvious There are literally thousands of apartment complexes, townhomes, home rentals and condo's in virtually every city in every state. Not to mention all the homes in foreclosure as well.

The first thing you will need to do is compile a list of apartment and condo complexes to put under your referral fee contract. In other words, you need to put together a list of rentals you will locate renters for. I suggest you section off at lease 5 areas of your county or town to start with.

Rentals Of All Kinds Need Locators Use the best areas first because the rents are higher, and that is where you will make the most income. Remember, you will get 50% (or more) of one months rent as the referral fee, so the higher the monthly rent, the more you will make. In some towns, depending on what the market will bare. Some properties the going rate is 100% of the monthly rental as a referral fee.

Every Renter Will Need You It all depends on what state you live in, and what the market will bare. As you know, rentals are on the rise because of the sub-prime mortgage fall-out. At the time of the publishing of this book, there are plenty of eager homeowners desperate to rent their property. You could even advertise for HOMES ONLY, and make a living since so many people have families, then lost their homes, can't refinance, but still need a house to live in because of the number of children in the household. They are everywhere, so take full advantage of locating for homes as well.

The GOING RATE IN MOST STATES IS 50% TO 100% OF THE MONTHLY RENT and property management companies and rental owners will be happy to pay that if you can fill their rentals. HOME OWNERS TOO...Remember, their mortgage doesn't stop simply because it's vacant. Refer a prospective tenant to a 2 bedroom that rents for $800. per month, your referral fee would be $400.00 If the rate is 50%. Some go to 100% of the monthly rent. Get it? This would be your referal fee. Place desperate renters 4 times a week and you could easily clear 1600 per week.

You will have to contact each apartment complex you plan on locating for to make sure they are willing and ready to sign a referral contact with you. There should be no problem, but you must inquire up front. Just go with family size properties and you should be just fine. The owners will be happy as well since they don't pay you until someone is accepted. It's that easy! Here's the full instructions on how to start an apartment locating business. And at a great price for a full plan on starting a small business. Give a try to be serious. You cant go wrong if you follow these simple to follow instructions. Try

AND GET STARTED.   Make sure you follow up after each placement. Some management companies have a net 30, 60 or 90. It's best if you show up to the credit check to make sure the management and/or owner remember that it is "your" client for future payment. Stay till the client is accepted then have the agent sign a receipt.   

Rentals Are Everywhere

Click thumbnail to view full-size
You can find rentals anytime and anywhere!For RentWanted: Renters2br, 1ba VacantA win-win situation
You can find rentals anytime and anywhere!
You can find rentals anytime and anywhere!
For Rent
For Rent
Wanted: Renters
Wanted: Renters
2br, 1ba Vacant
2br, 1ba Vacant
A win-win situation
A win-win situation

Comments 23 comments

Terrell Baker 7 years ago

I don't see any inforamtion on how to find renters?


goodgold 6 years ago

Most informative piece I have found so far. Good job and thanks.


zeekleo 6 years ago

Do you anything about forex


Renter 6 years ago

70% of renters search online for their new apartment these days. Successful apartment locating businesses spend most of their time and money on Search Engine Optimization, Adwords and other types of internet marketing that drives traffic to their site.


Rick Rental 6 years ago

Starting a locator business that actually makes money is expensive. Website development, hosting, apartment mls program to email clients apt lists, pay-per-click ads, seo services, apartment vendor fees, and the list goes on.


josh 5 years ago

Actually Kara...you do not need a license for apartment locating!! You only need a license if you are negotiating any type of lease. Such as a single family dwelling.


Michael 5 years ago

An apartment locating business may or may not need a real estate licence. If your state requires one, it is usually around 399.00 then 90 to take the test. Not bad for a business you can do the rest of your life.

Also, why would you need SEO when all you have to do is post free postings on craigslist and others. I'd say, if you have no motivation, then why waste the time to stop and read about starting a very easy business to get started.

Don't believe? Just do a search on "apartment locators" in your town.


Raul Boullosa 5 years ago

Sorry, but you have it all wrong! first you need a Real Estate License, then you need a Broker to sponsor you, then you need to work as a Realtor for 2 years then obtain your Brokers License and then and only then you can think of opening an apartment locators Business, If not your looking at huge fines along with jail time, IT'S THE LAW IN TEXAS my friend


Manuel 5 years ago

I have to agree with Raul Boullosa, Those are the correct steps on opening an apartment locating business in Texas I know because I am a real estate agent and apartment locator. Plus even if you do open an apartment locating business the apartment complex or management will not pay you for your commission earned until the client has been their for at least 3 month and can even take years to collect money and it can be up to tens of thousands of dollars. But despite all this you can easily make a couple of hundreds or even thousands of dollars per lease. You just have to work on it.


Dallas Agent 5 years ago

http://WWW.STARTANAPARTMENTLOCATINGBUSINESS.COM Is not worth a penny more than the $14. It offers a lot of very basic information. The truth is it will take alot more than what is stated in this book. Don't be fooled...IT's ALOT OF WORK!!


angie 5 years ago

Not every state is the same as TX..and not every state requires 90 hrs check with your states Real Estate board first. Several states do not require a license if you are only locating the property.


Mike 5 years ago

Some states require a RE License, some dont. The license cost 399.00 in most states. Far below any other business you might want to get into. All work under a broker for a small percentage. (same for a RE Agent, Property Manager) etc..., and a simple craigslist or backpage posting will bring in clients. Low cost advertising will certainly bring in clients since it's a free service to the public.

It's really that simple. No more, no less.


sam 5 years ago

In Texas you are required to have 260 hours of real estate licensing education, a real estate license and a sponsoring broker. You can't get your broker's license until you have been actively licensed as a real estate salesperson for four years,and let me tell you it is much more expensive than just $300-400. I own a real estate company in Texas and you don't just up and decide one day that you will open an apartment locating service without obtaining a real estate license and sponsoring broker for your company. You can work for an apartment locating service once you have spent the $1500+ to get your real estate license, then after gaining knowledge and experience you can consider taking the further professional steps and incurring the further expense of opening your own company. A minimum investment to get your license is approximately $1500+ and this doesn't include any mls fees, business cards, equipment, marketing, etc.


kitty 5 years ago

Okay, okay. We all know apartment locating is big Big business in Texas...moving on. In Maryland, Georgia, Colorado, Virginia, and quite a few other states, you can get started apartment locating TODAY without a Real Estate License. Texas Realtors: this is coming from a Texan - I love y'all but - back. off. Your negative comments (all over the internet!) about how hard it is to get into apartment locating are discouraging people in other states that could start a lifetime business and feed their families. My advice: if you live in a state Other Than Texas, call your Real Estate Commission and ask if you need a license. If not, get to work finding properties to promote on Craigslist.


Jomain Dupree 4 years ago

Dis is it y'all. Listen to meh, I gots lots to says about the location motivation apartment finding bussineeses in mah home state of the big "T". That'll be Texas to y'all outsiders. It aint easy, You go up to fore mondths without no green bills in yo banck akounts b-4 u even start maken money. Gots to work hard. Take away my bussniss and you get a cap in YO ASS. Its cut-throat, just outa prison but license is ACTIVE BABY GIRL! Watch out ATX, brothah Jones back in da game!


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MRS. Tracey ANN 4 years ago

Hi! Are you wanting to work from home? Well honey I have the most fabolouis idea for you. Make money selling gum ball machines to all types of businesses! You can sell these machines to hair salons (women love to eate these while they get their hair done up), restaraunts, bars (who doesn't crave a gum ball after a brewski?), schools (childrens love to eate gumballs while they study), colleges (same with college sutendst), medical clinics (docters and nersus love to chew on these while in between patients), and least but not last apartments! Its a fool proof system. I used to be an apartment locator but recently declared bancrupsty; so now you can work under me. I only charge $5000 to set up then pay me $1,900 per month as a fee. Anything you make above that is urs to keep forever. Send money to my bank accoutn immediately to take advantage of this special one time offer. I am only offering this you! .75 cents per gum ball. 4oo gum balls in a machine. That's $300 dollars worth of gum balls in a machine. Then your sales goals is 1000 machines. That's $300,000 per year. Gum balls are making a comeback in this new post reccession economy we are in. Take advantage now. Account number 66-000-----. Thant you , account only active for 25 more days. ACT NOW! First 25 gum balls provided at no charge from me! Live the life you've been dreeming of. Big house, Exotic cars, exotic animals, exotic food, its all waiting for you. Fancy sunglasses, new shoes, I garuntee this is the next BIG THING. Act NOW! Texas Real Estate License not required. GET STARTED TODAY! You can even set up gumball machines in abandoned parking lots, u will be surprised to see how much traffic will pull into the lot! (Sign must be paid for by you to direct traffic to gumball machine)(Wearing sexy clothes will also pull traffic to gumball machine) Get in CHARGE of YOUR FUTURE! Yes! QUit your job now to start this NOW. MRS TRACEY HERE TO HELP YOU OUT! *not responsible for results of idependant sales persons *Gumballs may be recycled from older gumball machines taken from abandoned gas stations and malls and or burned businesses. *Each sales person responsible from injuries aquired while selling gumballs or gumball machines. *Gumball machines may have stickers from previous companies and could have missing glass globes or severly cracked glass globes, use caution while handling machines. *MRS Tracy Lee not responsible for broken teeths or ingestion of gumballs due to shards of glass mixed in with gumballs in machine. *Anything unusual in old/used gumball machine should be sent back to MRS TRACEY ANN. * minor or major amounts of mud/dirt/smoke damage/seaweed/ other mud looking substances may be present on gumball machines. each rep is responsible for cleaning waste and hazardous/biohazardeous material off of machines. *Gumball machines may have been taken from Three mile island in New Jersy or Prypiat Russia and may still emit trace amounts or major radiation. Gumballs not approved by FDA in these machines but MRS TRACEY ate one and is still alive. *Machines may need new paint. *Machines may have quarters stuck in slots preventing payment and release of gumball. Thank you for ur intrest.


Michael Ramson profile image

Michael Ramson 4 years ago from Phoenix, Arizona

It's easy to find renters. Post on Craigslist "Free Apartment Relocation Help" Then watch the stream of potential customers. "They come to you" Who you might ask? Usually people who are relocating need assistance from out of town. Also, some have special needs "bad credit/Rental history" issues make it difficult to find just the right place. That's where you come in. Best of all, it's FREE to the client. In answer to states that might require a Real Estate license. That might cost 399.00, 90 hours, and a 125.00 test. Not that serious if you want to start a business that you can run the rest of your life. Not to mention all the other things you can do with the license. Timeshare sales, and plenty others.

What other business can you start for under 1000.00 USD?

Get the book and get started.


Bailey Froggy 4 years ago

Hoo-ra! Hoo-ra! Get your Texas real estate license today for only $55 dollars. My names Bailey Froggy and I sponser locators from outside of the state of Texas. Me show you just what to do, who to talk to, what to wear when meeting your clients. Have multiple businesses in both real estate and politics. Be the woman you always knew you weere. Start now, make your move, make that money, get people into apartments even if you have to force them. I show you how to make brokers wourk for you. Texas is a tuff place but Bailey will help all YA"LL so if you r in. and I mean in. Give me a call. Locating, Locating, Locating and after that get money from your local for profit colleges by teaching their homeless students how to vote for republicans. The colleges will pay yuou $400.00 for each speech you make as long as its a conservative topic appropriate for Republican wins all across the board. email me at baileyfroggy@gmail.com to start today in both exciting careers. I only charge ten payments of $55.00. Lets get you WORKING GIRL!


betty 3 years ago

This is a strange blog.

for one thing,, you have to have a Real Estate license to do apartment locating in the state of texas period! It is the law!


Habitat Apartment Locators 2 years ago

This should be banned by the Texas Real Estate Commission for false information. You have to have a license in most states...

I own and operate a couple of apartment locator services and am looking for agents. Please visit www.HabitatApartmentLocators.com and send me an email if you are in Texas and want a job locating. You need to already have your license though please.


Michael Ramson profile image

Michael Ramson 2 years ago from Phoenix, Arizona

Some states requirea real estate license, and some do not. Also some states have a great demand for locators and others don't.

Tx, Az, Co have a great demand. CA, not so much.

I hope this helps as it is not a difficult business to get up and running. Also, even if you need a license. Simply go your local Real Estate school, (around $399.00) the the test (approx $125.00) get finger printed (varies but AZ is $69.00) and get started working from home.


Me 19 months ago

You do not have to in the state of Colorado.

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