
Photo credit: alexanderdrachmann (Flickr)
I know you want me to say “yes.” However, I’m going to say “no” and tell you why. Restricting your marketing strategy to only posting to Craigslist is like being a one-trick pony.
Rental marketing could be so much easier if you only had to post to one online listing site to get rental leads. While you think this is currently the case with Craigslist, it’s both true and not at the same time. Yes, Craigslist is the current primary resource for apartment rental hunters. However, it’s foolish and naïve to think that renters will be using Craigslist 5, 10 or 15 years from now. That’s just silly.
The apartment rental search process is evolving, whether you want to believe it or not. Not too long ago, rental hunters were still circling and highlighting listings in the classifieds over their morning coffee. Now, it’s a commonplace to start the rental search online.
Why will renters move off Craigslist?
To avoid rental scams.
In big bold letters, you can see warnings across the top of Craigslist cautioning browsers of scams and frauds. I’m not saying that Craigslist is more prone to rental scams than any other listing site, but the site is so widely used that it makes it easier for scammers to dupe people. All it takes is for one person out of hundreds of people skimming Craigslist to fall into a scammer’s trap.
Renters are becoming increasingly aware of rental scammers who have no guilt in taking your money for your interest in a fake apartment. At some point, Craigslist postings may be so unreliable that it will push away rental searchers, instead of pulling them in.
To use more efficient technologies.
Prospective renters are becoming more and more tech-savvy. Not only are people adapting technology at a fast rate, but the generation that grew up with computers and technology (Generation Y) are bringing it with them as they enter the rental market. They’re going to find faster and more efficient ways to accomplish any task using technology, including apartment searching. So, as soon they find an efficient apartment rental site that works best for them, they’re going to jump on it.
To find a better deal.
While most apartment rental hunters start their search on Craigslist, such as the Brooklyn renters we interviewed previously, they’re also becoming open to using more resources. Renters comfortable with technology will learn that there are more than one online listing sites than Craigslist. They will use other sites for a user-friendly interface, convenience or to see more listings. Effective rental hunters won’t restrict themselves to Craigslist and will use multiple sites and methods.
How can you best prepare your rental business.
Continue to post your listings to Craigslist, since that’s where renters are flocking for their next rental. However, to prepare yourself for the increase of well-researched renters and the tech-savvy Generation Y, start posting to other listing sites, also.
The best way to do this is to use third party rental software that publishes to multiple listing sites all at once. That way, you could save time and effort. By increasing your ad posting to sites besides Craigslist, you’ll increase your exposure and ultimately gain more rental leads.
[Related free guide: "How to Create Better Listings: Writing Content that Converts"]
When will Craigslist pass?
Only time will tell. It’s not any time in the near future. Craigslist is still king.
The best thing you can do is start exposing yourself to new online listing sites and get familiar with them. That way, when renters start using resources other than Craigslist to find their next apartment, you’ll be prepared.
What do you think the next wave of online rental listing will be? When do you think renters will start migrating off of Craigslist? Share your thoughts and ideas in the comments section below.
