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Updated 4 months ago on . Most recent reply
![Brittany Guimond's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2527522/1676665381-avatar-brittanyg95.jpg?twic=v1/output=image/crop=886x886@43x57/cover=128x128&v=2)
Has rental market cooled??
Hey there fellow landlords! Anyone else challenged to find tenants for your property? We’ve had our 1/2 duplex on the market since late July (a few days before the end of the month, so about 30 days now) and we haven’t had anyone serious come through yet. It’s priced competitively using area comps (even slightly lower), it shows well, and we even allow dogs (no cats). We’ve shown it several times, but no one seems to be really motivated. We’re thinking it could be seasonality, especially since our place is ideal for families and perhaps most families have done their moving for the year before school starts. Anyone else experiencing this?? How long did it take to find your tenants??
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Quote from @Brittany Guimond:
I network with hundreds of property managers around the country. Most of them saw price reductions and longer days on market this summer. It's partly the economy, but it's also common during an election year when people are a little unsure about where the country is headed.
Lower the price, not your standards. You can aim for a higher price next year when things are (hopefully) more settled.
- Nathan Gesner
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