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Updated over 7 years ago on . Most recent reply
Is there something wrong with my listing?
I closed on my first investment property on the 6th this month. a couple of days later I listed it for rent. Since then Ive had dozens of calls but only 2 people have shown up for a tour of the property and 4 people have asked for an application. So far I have not received and applicants. https://www.trulia.com/rental/4036759641-534-Atkin...
I believe I have priced my house competitively. Mine is the cheapest 3 bedroom house available between 900 and 1200 sq feet. The two major difference is mine has 1 bath and the others have 2 baths and across the street from my house is one of the many low income trailer parks in town.
On Zillow my house is tending in the top 10% in the area. On Trulia my house was the most viewed in the last week and its a best value.
I want to assume its just my local market but I am getting nervous. The average listing of similar homes is 32 days old with the oldest being 95. My listing is only 20 days old.
Perhaps my qualifications are too tough for my market. these are the qualifications I share with my callers.
550 credit score
no evictions
no recent criminal history
and 3* monthly rent in gross income
Most Popular Reply
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You mentioned the trailer park across the street, but not the fact this is essentially an industrial area. Tire store, granite dealer, car parts, car wash, and a laundromat are the neighbors. What's with the property next door that has just to garage doors facing the street? There's another of these on the other side, three properties down. On rentometer the other rentals that show up are in residential areas. I think the neighborhood is going to hurt this house. In a case like this, I think your best bet is to put a sign in the yard. Anyone who calls has seen the area and knows what they're getting into. The pictures may not be the best, but I think its the neighborhood that's the real problem.