Not getting Good Tenant Applications in Pflugerville, Austin

[Surendra Chawla]

Hello Folks,

I am a relatively new member here on BP and completed my first new investment property purchase in Pflugerville, Austin (TX). It's a new, 3 bedroom,  single family home by D R Horton. It's been 2 weeks and the kind of applications we are getting are far from ideal...bad credit scores, delinquencies, hard to figure out how much do they make (meaning self employed in some cases) are some of the issues that made me reject 4 applications so far.

My property manager (who helped me buy the house) has posted the ad on all relevant websites, we have priced it at the lower end of the range at which similar homes are listed in the area, but still not happy with the applications.

I would be interested to hear what folks, knowledgeable about the Austin market, think...is there more that we can do? Is it difficult to find good tenants in Pflugerville? or am i just being impatient? We just did the closing 3 weeks back. 

Also, i have not transferred the utilities in my name yet hoping that i would find tenants super quickly and easily. Do I need to do that? Is there any repercussion of this except that the utilities may be shut down and i will need to pay a little penalty to restart it. 

Cheers,

Suren