What should I do with my vacant property

[Nikky Jarvis]

I evicted my tenant back in July and after fixing all the mess they left behind, I signed a six week contract with a realtor to find a long-term tenant but no one completed an application. At the end of this contract to lease, I changed to another realtor and signed a four week contract. This is week two. It is no longer sustainable for me to continue to pay the mortgage and I would like some suggestions of what to do in the event that the second realtor does not find a suitable tenant. I have never used property managers and would like to know if I should consider this route. If so, how does it work? Do they have a guaranteed rent contractual agreement which means my rent is guaranteed if I have a contract with them. Any reputable property managers to recommend? What about Airbnb - what are the pros and cons of having an Airbnb super host take over and manage it as STR?

Your suggestions would be greatly appreciated.

[Karl B.]

Here's what I would do:

-Take the ad and post it on Facebook marketplace

-People will inquire

-Respond asking them questions to see if they qualify (for my renters it's credit score, monthly income and if they've ever been evicted or sued by a landlord)

Have one showing at 5:30 PM during the week and one on Saturday around 11 AM. Give those two times to all who qualify and have an open house.

Also, check out rental ads for similar properties VIA Facebook marketplace, Apartments.com, Zillow, etc. and check rental comps to make certain your monthly rent is competitive.