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Updated almost 10 years ago, 01/07/2015
Tips on renting a higher end unit?[Canada]
Hello fellow landlords
I'm looking for some advice on renting out a higher end fully furnished unit and would like your honest feedback.
I currently own a condo in the heart of downtown Montreal. This is a 2br/1 bath unit and have had some trouble finding a tenant for the past 2-3 months. This is my first time as a landlord and wondering if im doing anything wrong - is my price too high?
We did some research around our area and comparable rentals go for approximately 2500-3000$/month. We decided to put our rental on the market @ 2475$ to be competitive. We've currently reduced it to 2375$ after we havent had much luck.
We've had maybe 10 people interested in the past 2 months that connect by email and never return any emails and 3 showings. No call backs after following up.
I currently post to Kijiji and Craiglist almost every day and have posted then ad on local university websites(McGill university).
Is my target market not looking for high end rentals on Kijiji and Craigslist?
Here is my Craiglist/Kijiji postings for reference:
http://montreal.craigslist.ca/apa/4832022288.html
http://www.kijiji.ca/v-view-details.html?adId=1042...
Thank you for reading and any direction you can provide
Thanks
Chris