Having a Hard Time Finding New Tenants

[Rob Bianco]

I have a 6-unit property in Midtown Kansas City that I bought in 2020 from a slumlord. The whole place has had modest renovation done to it and are all 3 bed / 1 bath units @ 1200 sq ft.

I have a couple vacancies that I've been trying to fill for about 2 months now with no luck and little interest. I started offering rents for $1200 (which is what I could get in 2021) and have since lowered it to about $1000 which is what a 2 bed unit is actually renting for.

My main concerns are that new construction is coming into the area with new units at like 900 sq ft for $1900/month and I'm not sure how that affects my rental. I'm also concerned that maybe the photos of the unit aren't doing it justice? My Property Manager took the photos of the unit and they don't look much different than whatever else you'd find online but they also don't stand out and look immaculate, but should they?

I have other units in the burbs that rent in like a week so this property has been a thorn in my side, but there's also a lot more competition for the area. Any ideas welcome!

https://ibb.co/C5cYDXV

https://ibb.co/7C9FKhQ

https://ibb.co/HTV3K7p

https://ibb.co/VqNhvG6