Seeking Advice on Renting Newly Renovated Home in Akron, OH (44306)

[Rereloluwa Fatunmbi]

Hello,

I recently closed on a newly renovated, 900 sq ft single-family home with 3 bedrooms and 1 bathroom in the 44306 zip code of Akron, Ohio. I initially listed the property for rent at $1100 but had to reduce it to $1000.

Unfortunately, the only serious applicants I've received either have a criminal history, poor references from previous or current landlords, or have faced evictions in the past three years.

With almost two months of vacancy, I am growing increasingly concerned.

Should I consider lowering the rent price further, renting to these concerning candidates, or pivoting to a short-term or mid-term rental strategy (considering I live out of state)? Any advice is much needed and highly appreciated.

Thank you!