First time landlording help

[Joel Betances]

Hello Bp Community,

Im in my 5th year of real estate investing in Pennsylvania. I have 3 homes managed by a property manager. As I was priced out of the area, I decided to look at other towns in Pennsylvania.

I bought a home in late October in Luzerne County for $83,500 and decided to manage on my own for the first time. I put $6000 into repairs, mostly paint, new light fixtures, new appliances, painting cabinets and fix a small leak coming from the roof. Took about 2 weeks to get the property rent ready. My issue is, it's been almost 3 months and I haven't be able to get good tenant applicants. The majority have evictions on their record, don't make enough income or have a lot of debt under their name.

Comparing other rentals on Zillow, my asking rent is $1100 while other properties are trying to rent at $1200. My properties also look a lot better than the other homes. Most of these properties have been sitting on the market for 30+ days.

Other possible issues is the hot air furnace is very old. It works but it was installed in 1967 so I need to prepare to replace it when it fails at some point. I have 3 windows as well that don't stay in the open position that I have to replace. I also have a mortgage on this property paying $683 a month.

Now I'm deciding should I continue waiting for a possible tenant or should I just sell the property. Comps in the last 30 days sold between 90,000-100,000.

Any advice on what you guys think would be the best thing to do?