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Updated over 1 year ago,

User Stats

431
Posts
171
Votes
Joseph Weisenbloom
  • Investor
  • Austin, TX
171
Votes |
431
Posts

Can't find tenant in San Antonio

Joseph Weisenbloom
  • Investor
  • Austin, TX
Posted

I have a property in southwest San Antonio near Lackland AFB that my property manager is having trouble getting rented for 4 months. Its a duplex with 1 bedroom units. We have lowered the rent twice and my PM claims they have gotten lots of calls but no applications so far. Whenever I ask him why its not rented yet he says that this is normal for this neighborhood.

The neighborhood isn't a warzone but I would classify it as a C neighborhood. All economic indicators point toward strong rental demand in San Antonio. My research shows vacancy rates around 10% for these types of properties.

My question is this normal for this area for a unit to sit vacant this long? Or is it time to fire my property manager?

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