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Updated 10 months ago, 02/05/2024

User Stats

3
Posts
1
Votes
Jamieson Brady
  • Chicago, IL
1
Votes |
3
Posts

Having trouble renting townhome

Jamieson Brady
  • Chicago, IL
Posted

We recently bought a SFH to live in and decided to rent our townhome instead of selling it. I hired my realtor we used to buy the house to rent the place, his fee is first months rent plus $300.

Fast forward 3 months and he has only brought me 2 applications, both of which were tenants without a stable job and horrible credit.  I think he priced the place too high.

Originally he was asking $2250/mo, the price has now gone down to $2100 and still not getting alot of bites.  There are not a ton of rental properties in the area but the price seems decently competitive based on the few other townhomes I see on realtor.com 

The photos in his listing are not great.  I am considering just trying to rent the place myself- take better photos, post some "FOR RENT" signs around the neighborhood.   I might drop the price significantly- my main priority is to find a good tenant who pays on time and does not trash the place.

Does anybody have an opinion on how I should proceed to get this place rented to a good tenant?  Should I stick with the realtor or try to do it myself?

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