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Updated 1 day ago, 01/03/2025

User Stats

10
Posts
5
Votes
Levi Perl
  • Kansas City
5
Votes |
10
Posts

When to lower rental listing price?

Levi Perl
  • Kansas City
Posted

How many showings a week is considered good? Meaning that the number of showings show you have it priced well? I have seen many say “3-5 showings a week is good”. However, does that include people who wouldn’t qualify? I get many requests for showings, but when I ask them to first confirm they qualify (3X income, etc.) they don’t respond.

Listed 22 days. Have done 2 showings, with one more scheduled for tomorrow. Got 5 applications. Only one applicant qualified but they said in the end the house didn’t have everything they needed. The 2nd person really liked the house and even mentioned how nice the rehab was, relative to comparables they have seen. They made it like they were ready to apply, but did not apply yet. That showing was yesterday  

Would love if you give feedback on actual listing. Link here.


Thanks!

When should I lower the rental listing price and how many showings per week indicate it is priced well?

Consider waiting until mid-January before lowering the price, as the holiday season is a slow period, and aim for 3-5 qualified showings per week as a good indicator.
Sources: Bill,jill,Caleb

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