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Updated over 7 years ago,
Cedar Falls Iowa - Single Family house not renting
I have nice single family home in Cedar Falls Iowa. It's built in 2010 & has 4 bed 3 bath 2662 sqft. It's located in very peaceful & quiet neighboorhood. I lived in this house for 4 years & then I converted my primary residence in Cedar Falls Iowa to rental property.
I kind of did house hacking without knowing the term at the time. I had good luck for last 3 years as first tenant lived there for 2 years & second tenant lived for only 1 year. Second tenant left the property at end of July 2017. It's been almost 3 months now and I haven't got any tenant inerest in my rental property. There were few showing earlier in August but nothing has worked out. Below are few actions I have taken to fill the vacancy ,
- Advertised the property on Zillow and it's syndicated sites. Also advertised on craigslist.
- Started with the rent $2,095 in August but reduced it to $1,890 since then.
- I have reached out to local companies HR (Allen hospital, Covenant Hospital & John Deere) to fill out the vacancy but no luck so far.
- I held open house last week but no one showed up which I thought was strange.
I am feeling hopeless at this point as what to do. I am thinking of selling the property but I may have to sell it for way less than I bought for and will suffer losses. So I am trying to hold off selling as much as I can.
Here is the link for my rental listing,
https://www.zillow.com/homedetails/1122-Amelia-Dr-...
As you see this is very nice house but really having hard time finding tenant. There are lot of rentals in Cedar falls close to the university (Univ of Northern Iowa) but my property is unique newly built (2010) and nothing compares to it.
Do you have any suggestion what else I can do to fill vacancy ? Thank you for your time & reply,
Best Regards