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I've noticed that most people here when thinking about real estate related business focus on finding rentals. That's because that's what renters tend to see and
by FollowSteph3 13y ago
I've noticed that most people here when thinking about real estate related business focus on finding rentals. That's because that's what renters tend to see and therefore know.
Unfortunately happens to a very saturated business. Not only that but it's extremely hard to make a profit. Who pays for the service? I've yet to see anyone but the property owner that's lasted.
But more importantly is it worth paying for? Is the website big enough to have enough people looking on it for rentals? Maybe craigslist, but what about a new website?
It's a chicken and egg problem. Until you have enough rentals no one uses your website to find rentals. So what these companies tend to do is scrape content, or load it from somewhere. But is it sustainable?
It basically falls into a winner takes all type of business. And sadly I haven't anyone get big enough to take a commanding lead, so most look like sites that were slapped together and eventually had to fall back to ads, and then have been left to slowly rot. Not all but that's the majority...