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Updated about 1 month ago, 10/26/2024

User Stats

31
Posts
13
Votes
Yoana Yordanova
  • Investor
  • Kennesaw, GA
13
Votes |
31
Posts

I can't find renters for my townhouse in Atlanta, GA

Yoana Yordanova
  • Investor
  • Kennesaw, GA
Posted

Hi everyone! Me and my fiance had to move to another state, and decided not to sell our townhouse, but instead try to rent it out. We hired a management company, to help us with this, since we have no experience and we live in another state. For the past 7 months of the property being on the market we only got 3 inquiries, 1 submitted questionnaire (which I guess is a survey before the application meant to vet renters, before they pay for application, is what I am told by management company). We've been pushed to lower the price by the management company every month, which we did. Now we are asking for $1,895/mo (which is what we pay for mortgage), for our 2 bed 2.5 bath townhouse, which is recently renovated, with fenced back yard, located in right between Kennesaw & Acworth, GA. We've been checking comparable townhouses and even apartments, and all rent for $1,850 or higher (up to $2,100) in the area. We don't know what do to anymore. Any advice and input is appreciated. Thank you!

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