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Updated about 2 months ago, 10/04/2024
How do you handle a long vacancy (2+ months)?
We have a few single family homes in Kansas City, in a nicer, brand new neighborhood (built 2022). When we initially bought the homes we were able to lease for $2800-$3200/ month. However we have struggled to rent the homes at that same rate and have come down over 20% on price. Vacancy has killed the cash flow.
What would you say are the biggest factors when leasing a higher price home? Location? Time of year? Property manager reputation?