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Updated about 2 years ago,

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7
Posts
2
Votes
Manuel Melendez
2
Votes |
7
Posts

Strategy for finding a tenant in December?

Manuel Melendez
Posted

Hey folks,

I’ve had my first LTR property in Jacksonville, NC listed for about 10 days now. It’s a townhouse listed for slightly over the average market rent for comparably sized townhomes, which I did because it’s also a nicer example than what’s typical to the area. 

So far no takers, and my gut tells me that if dropping the rent by $75 would get me a tenant sooner, that’s better than missing out on $1,075 of potential income due to vacancy. 

Does starting out in the slow season likely mean that I need to be less ambitious with rent prices, or is 10 days on the market without a finding a tenant reasonable? 

Thanks! 

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