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Reviews & Feedback
Updated almost 6 years ago, 01/14/2019
Rate my rental listing!
Happy new year everyone!
I am in the process of finding a tenant for a unit within my duplex (currently house hacking it), and wanted to ask for the community's feedback on my listing and anything I can do to guarantee I find a tenant before I move. I have not gone through this process before as I inherited tenants in both my properties (duplex, fourplex), and fortunately, haven't had a need to evict and re-rent (though, they are not perfect).
I will break down my thinking to provide context in how I came to my rental listing and requested rent amount.
Listing Analysis:
- Conducted an analysis using rentometer, the analysis considered properties within <3 mile radius, only duplex units, posted within the past 3 months.
- The average rents for comparable properties was $1,368
- The average sq ft was ~1100
- Most properties were 2/1's; most did not have a backyard
- All properties had to mid-level rehab, some are very high-end and could be considered outliers
- Analysis can be found at this spreadsheet.
My Listing:
- Rent: $1,375
- Sq Ft: 948
- Makeup: 2/2; very large backyard
- Mid-high level rehab (stainless appliances, refinished cabinets and countertops, laminate throughout, updated fixtures)
Listing Channels:
- My listing can be found here on zillow.
- It has been posted for 11 days
- The channels:
- Zillow
- Realtor.com
- Trulia
- Hotpads
- Apartments.com
- Craigslist
- Forrent
Listing Performance:
- 20+ leads on Facebook
- 19+ - no responses to request for pre-screen call
- 1 qualified - did not show up to showing time
- 2 leads on Craiglist
- 2 qualified - both interested, but did not meet timeline
- 1 lead on realtor.com
- No response to request for pre-screen call
- 8 views on zillow.com - ranking 2/8 in zip code
- No applications yet
My questions:
- Should I take better photos? Based on my observations, I have more pictures than my competitors, but they are not the highest quality.
- Should I update my listing copy? I could write more, but I am aware people scan in the modern world, so not sure if that will help.
- Are the holidays to blame? I posted this on the 22nd, right before the heart of the holidays, so that might be what is delaying interest.
All feedback is welcome!
Thanks in advance.