I'm Vacant! Current Phoenix Rental Market Slow or Go?

[Bill Alpert]

My very nice 4 bdr refurbished SFR has been vacant for over 2 months. The property manager is complaining of a very slow rental market in Phoenix. Is that your recent experience? 
Further, the property manager is counting on the MLS and other agents to bring prospects, which seems like a bit of a passive approach. Are there other good channels to find qualified tenants? What's your best tenant finding process? Thanks for reading, Bill A.

[Michael Smythe]

@Bill Alpert nationwide, Days On Market (DOM) are up 39% in the last 2 years.

So, what worked last year or 2 years ago, is NOT going to work today!

There are 364 available rentals in your zip code, 92 with 3+ bedrooms and 2+ baths.
--- What is being done to make yours standout?

If we zoom in a bit and only focus on listings around your property, there are still several:

By the way, did you notice on that last pic that we sorted by DOM? There's one that's been on the market pushing 90 days, several pushing 60 days.

SO, YOU'RE NOT THE ONLY ONE FACING THIS!

Some other comments:

1) The pics are terrible amateur!
-- Recommend a professional be hire!

2) The order of the pics is also terrible!
-- We typically start with an exterior front, then go to kitchen and nicest bathroom. Then do rest of the property.

3) Recommend adding 3D Tour and Floorplan
-- Some of the competition already offer.

4) Marketing Exposure
-- Can see it on Zillow, Redfin, Appartments.com, Realtor.com, Homes.com, Trulia & Hotpads, which are all the big ones.

5) When is the last time you dropped the price?
-- We recommend 5% monthly until rented.
----- FYI 1/12 of the year = 8% => means every month it's vacant is costing you 8% of your annual rent. So, 5% reduction is LESS than letting it sit vacant!