Difficulty finding a Tenant - Help

[Ronnie Z.]

Hello Everyone,

This is one of my first posts on BP although I have been listening to podcasts and reading forums. I would appreciate some help if experts can lend some ideas or perspective in finding a tenant which I think has been a little drag.

Quick background - I bought my first investment property - townhome in South Charlotte, NC area and its been on market little over 30 days. Realtor through whom I bought the property is helping me advertise/find renters. (that was part of the deal, he covering finding renter first time). Its listed on MLS and all other places like zillow, trulia etc. In my opinion property is pretty desirable (more details below) however I'm struggling to find renter. Initially potential renters visited however no conversions. No specific feedback. Competition seems to be okay and its priced well too. (I checked with multiple people in business to confirm price)

So is it the slow time of the year or its typical? I'm sure every market has its demand/supply story but wondering if you guys have any suggestions to improve marketing or make it more saleable? Would moving to a propety management company that has more flexibility for "showings"  than realtor would be better option? 

Would appreciate some feedback !

Details about property - 

Highly desirable South Charlotte 3BR/2.5BA townhome. Open floor plan, end unit, 1 car garage with great private mature wooded backyard. Minutes away from Grocery/Restaurants/Entertainment in major shopping center, great schools (9, 10/10) and golf courses within 2 mile radius. Community loaded with amenities – pool, tennis courts, a playground and walking trails. Included - a Gas Log fireplace in family room, Washer/Dryer. Pets are allowed with a fee and deposit.

[Al Siy]

Yes, it's definitely a slow time of year.  Most people like to move in the summer, especially if you're trying to get families.  

Have you thought about doing a short-term rental?  You might be able to do a 3 or 6 month lease, then you would get on a cycle where you renew your leases in May/June and that's ideal.

It's a little more work with turnover, but I would post something on craiglist about a short term rental and see if you get any bites!