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Updated about 2 years ago on . Most recent reply

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Sara C.
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Property is not renting

Sara C.
Posted

Any feedback on the Randall neighborhood. I have a unit over in this area which is not renting. The complex  is full of other tenants but for some reason I cannot find anyone. Is the Congress Heights changing or still an undesirable area and any ideas on how to use the property other than moving in it. 

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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
Replied

It is worth noting that this is the slowest time of the year for leasing.  If a property has been sitting ready for a long time, it is typically one of three things.

1) Asking rents are too high

2) It's condition is poor relative to the asking rents or the submarket

3) There is no or poor advertising support

If 1,2,&3 are OK, it will rent.

  • Greg Scott
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