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Updated almost 11 years ago on . Most recent reply
Can't find tenant - what's changed?
I own a rental condo in Montgomery County, Maryland, which I rented out with no problems three times previously. The apartment is in good condition, with lots of nifty upgrades (new cabinets, closet organizers, etc), in a great location, and very close to major area employers. I have always rented it within a week of advertising on CL in the past - the only difference is the last three times I advertised it in June for an August 1 move-in date. This year my tenants moved out early and I used the same ad, the same pics, etc., lowered the rent by $50, put the ad up in March and... got two inquiries in a whole week! Is it just the season or has the rental market really changed that much? I have never rented it out in the Spring before, so it's hard for me to judge.
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How do your rents compare to the market? Not just condo's look at other types of dwellings (SFH, Apartments etc). How about curb appeal?