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Updated over 9 years ago on . Most recent reply

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26
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10
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Janne Zaccagnino
  • Investor
  • Arlington, TN
10
Votes |
26
Posts

Need help finding a tenant - What am I doing wrong?

Janne Zaccagnino
  • Investor
  • Arlington, TN
Posted

I recently completed construction on a brand new home (1700 sf) 3 br, 2.5 ba house and want to rent it out.  I have placed ads in our local newspaper (online), craigslist.com, Postlets.com, Rentals.com and AHRN.com (the military rental site).  I had it listed a bit too high, I believe early on, so I lowered the rent (Started at $1365, lowered it to $1295, then $1199, then $1095....).  Once I got it to $1095, several investor friends told me that they thought this was way too low as they have 1300 sq. ft. rentals renting for $1300.  Also, the only people interested in the property were drug dealers and people with evictions, I even had a convicted Meth Fellon apply!  

So I have now bumped it back up to $1225, trying to avoid going too high.  This is one of the larger homes in the subdivision, but there are a few getting higher rents than this.  

I just don't understand why I'm not getting any response.  I do have yard signs and even have a big sign on the highway (a very busy highway) with an "info" box where people can grab a flyer.  I have a QR on the sheet, as well as website where they can go to look at photos.  

Does anyone out there have any ideas to get my place some attention quickly? The house has been ready for renting since late July.... only 2-3 serious inquiries. 

Help? Please!

Most Popular Reply

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17,444
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30,115
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,115
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17,444
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

@Janne Zaccagnino If you are having this much trouble getting it rented, maybe it is time to hire a Realtor to get a tenant placed.

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