Apartment Locator

OVERVIEW OF BUSINESS MODEL

Moving to a new city is never easy. Everyone needs a place to live, but not everybody has the time to look. This is a problem that is being solved by many businesses in major cities across the world. Many savvy individuals are launching their own apartment locator Web sites and are turning quite a profit from doing so. Your main source of income will be referral fees from rental offices of apartments, condominiums, and other real estate structures. You could also charge a fee for sublets, apartment sharing, and private rental listings.

Requests are sent via e-mail from those seeking an apartment to you, the site administrator, with a description of the desired apartment location, size, necessities, and so on, that the individual is looking for. You then take the request and find the best possible location to suit the person’s needs.

Once you have found a match, you set up a time for your client to view the apartment. You collect a referral fee if the client signs a lease. Another way to run this type of business would be to set up a searchable database. Those with apartments to rent or sublet would pay a fee to add their listing. People looking for an apartment would search based on specific criteria such as location, maximum rent, number of bedrooms, etc.

SKILLS NEEDED