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Updated 9 months ago on . Most recent reply

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Vasudev Kirs
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Suggestions on how to find a tenant

Vasudev Kirs
Posted

My condo is located near a university and apartments in that area cater to student population.

Condo has been on the market for 14 days. No leads so far.
This is summer where most of the students are either off on holidays or have an apartment.
It is a 1 bed, 1 bath. There are no 1 bed in the 1 mile radius that I can see in the rental sites like zillow, realtor, apartments.
I am not sure if I priced the condo correctly as I relied on rentometer completely.

Reduced price once but no leads so far. I can that zillow is generating views close to 10 every day but no contacts so far.

How do you approach the situation when there are no comps for your condo?

What should be my strategy? Any advice?

Most Popular Reply

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Andrew B.
  • Rockaway, NJ
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Andrew B.
  • Rockaway, NJ
Replied
Quote from @Vasudev Kirs:

Thank you @Kristine Ann and @Ahmad Aram

What does it mean when I don't see any one bedroom units in a 1 mile radius? Is it a good thing or bad thing?


 I dont believe that a college town has no available one bedroom units advertised going into summer. My instinct tells me that housing geared towards students must be posted somewhere specific, and you'll have to search for it. 

I recommend going to the university and walking around. Find the commuter lot if possible and ask students where they would look for off campus housing. Advertise on those sites. 

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