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Updated almost 6 years ago,
How long was you longest vacancy length?
We listed our first SFH for rent about 2 weeks ago. We have had several inquiries, but only 2 showings. The individuals we showed it to did not meet our requirements. They either had low credit scores, inadequate income or both.
We are wondering how long we should wait before lowering the monthly rent. I'm not sure if the price is the problem. It looks like our price point is right in the middle of comparable properties. There are some less and there are some more.
What is the longest time you have had a property listed without getting a tenant? What strategies did you use to attract applicants?