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Updated about 7 years ago, 10/30/2017

User Stats

244
Posts
120
Votes
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts

Is there something wrong with my listing?

Tom R.
  • Investor
  • Ridgecrest, CA
Posted

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

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