Updated about 10 years ago on . Most recent reply
Having difficulty renting a property in Round Rock, TX
We recently purchased a property in Round Rock, TX. It is a suburb north of Austin. In the last 35+ days, we have not received any meaningful in-bound inquiries, despite having posted the property in all the public web-sites.
The property is good sized, new (5 years old), and in exceptionally good school district. I have checked rental rates and it appears to be priced at the median (below market from our perspective as we did bunch of work on the house). I have reduced the price of the house atleast 3 times in the last month - still nothing.
Our manager claims that the demand has completely dried up for that neighbourhood.
We are first time property owners and are really worried about this. It is not as much that the property is empty - more so that there is almost NO inbound.
Any suggestions on how to analyze the market OR new marketing ideas will be sincerely appreciated.
Most Popular Reply
I have property in the area and never had a problem finding renters. I'd suggest trying another management company. I had another in Hutto and had a problem there but it turned out to be the management company. They were neglecting the property and not doing any showings. I found this out through the neighbors who were unhappy about the neglected yard. Once I switched management the property was rented in 24 hours.