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Updated over 8 years ago,

User Stats

60
Posts
45
Votes
Jesse M.
  • Investor
  • Chicago, IL
45
Votes |
60
Posts

How long to wait before using rental listing agent?

Jesse M.
  • Investor
  • Chicago, IL
Posted

Hi everyone, new guy here. I'm trying to rent out my condo and after reading many posts/blogs here on BP, decided to give it a go on my own. In terms of reviewing applications, running bkgd checks, and creating a lease that works for me, I feel that I can handle all that (I have a little experience since I was the condo assoc president for a couple years). However, there doesn't seem to be any interest in my offering after about one week. I've posted on Craigslist, Zillow, Trulia and Hotpads. I feel my rental price is fair for what tenants will receive even though it may be higher than surrounding properties. I know several people in my building currently renting for what I'm asking.

Anyway, I'm doing this by myself so I don't need to fork over a full month's rent to have a professional find a tenant. I guess I'm curious how long I should wait it out, considering the renting season is fast coming to a close, before using a listing agent. Should be noted that I'm already out of the condo and living with my fiancée.