Trying to find a decent renter...discouraged

[Rhonda Shrum]

I feel beat down. I've done everything right, to get into the game. I educated myself, I joined all the local RE clubs, joined a local mastermind program (which I highly recommend!) and I've gotten wonderful inside knowledge and advice; I've bought from tried and true stand up wholesalers whom are very trusted, shoot I bought houses the wholesalers themselves almost kept....and I still, right now, feel like "what the heck did I get us into?" Our first property is in a lower income area, 80% rentals...but even accepting vouchers, I'm struggling to come up with someone to pass the background checks, heck I struggle to even get them to show up to appointments! My rent is on par with rentometer, Zillow rent, etc. The house looks great and many applicants have said it's the nicest they've seen, yet our inspection "to do" list seems a mile long. I'm getting ready to buy my second house in a nicer area, but I feel so down. Please, please tell me this is normal and I'll be glad I did this!

[Account Closed]

This is the WORST time of year to try and rent anything. Nobody wants to move during the holidays unless they absolutely have to. 2 weeks on the market isn't a reason to panic, especially 2 weeks in NOV. Bet on 60 days to rent, if it happens quicker awesome, but 2 weeks in a sub-par  neighborhood isn't unreasonable. There are typically more rentals in those neighborhoods, it just comes down to supply and demand. 

Don't be discouraged!! Set you expectation, that it won't be rented until mid-Jan, if it rents quicker, you'll be thrilled. GOOD LUCK! Hang in there :-)