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Updated 7 months ago on . Most recent reply

User Stats

36
Posts
19
Votes
Paul Lucenti
  • Investor
  • Long Island
19
Votes |
36
Posts

Need help filling vacancies in Philadelphia

Paul Lucenti
  • Investor
  • Long Island
Posted

Hey all

We are currently looking for someone who is experienced in finding tenants in Philadelphia. We only look for tenants that possess a housing voucher, but sometimes in the winter months leads go cold. 

If anyone specializes in this in the Philadelphia location, feel free to drop your info below!

Thank you.

Most Popular Reply

User Stats

259
Posts
292
Votes
Kevin M.
  • Property Manager
  • Philadelphia, PA
292
Votes |
259
Posts
Kevin M.
  • Property Manager
  • Philadelphia, PA
Replied

Paul, 

We are highly experienced in finding tenants in Philadelphia placing hundreds over the last few years. A few insights;

1) It's tough out there. 2023 and 2024 were both brutally difficult leasing years in Philadelphia. Supply continues to exceed demand throughout most of the city (with a few exceptions)

2) Your HCV strategy is certainly the hot thing right now. With payment standards significantly above market, many investors have shifted to this HCV focus. With more property owners competing for voucher holders, your HCV holders are currently the 'prettiest girls at the dance' and they essentially have their pick of quality rentals. For this reason- you really need a top-of-the-line rental to attract Section 8 tenants in Philly right now.

3) Historically speaking leasing activity spikes again around March. Hang in there.

  • Kevin M.
business profile image
Otter Property Management
4.8 stars
335 Reviews

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