3 years ago I landed in SFO international airport with 2 suitcases, a smile on my face, and nowhere to live. My smile turned into more of a grimace as I discovered that San Francisco is one of the most expensive and competitive rental markets in the US today. Many listings go up at breakfast and are rented by lunch. Throngs of people crowd into open houses. Some search for months before finding a place.
So, how can you stand out amongst the sea of eager renters in a tough renters market?
I think the simple answer is branding.
In a competitive market, you need to make a name for yourself. You need to be easily remembered. Just like beverage companies or car companies work to show their distinct personality, so too, the renter in a competitive market needs to make sure they captivate their audience. Here are 3 strategies to make your application shine.
- Create a Rental Package. This is a series of documents that you can present to a landlord upon seeing an apartment. This package should include information pertinent to renting an apartment: employment information such as offer letters and pay stubs, and credit reports. Neatly binding your rental package in a folder or plastic sleeve gives the impression that you are organized and proactive.
- Use your picture. Providing a picture of yourself is a great way to ensure landlords remember who you are. A photo also shows personality, and attaching a face to a rental application helps the landlord feel like they know you.
- Tell your story. Giving some personal information about yourself apart from what you report on the rental application is also effective in establishing a connection with the landlord. Telling them a bit about your background, your career, personality, and hobbies will increase your likeability. Remember, the landlord is giving you their house to live in. They need feel sure you are a trustworthy person.
Happily, I can now say that I am not living out of my suitcases anymore. I got my dream apartment in San Francisco, and hopefully, with a little bit of branding technique, you can too.