Lots of interest - no applications! Is this normal?

[Ryan Frampton]

Hi everyone!  We're working on getting our second buy and hold property in Allentown, PA rented and are finding it harder getting applications in. We've been showing the property for the last 3 weeks (just starting our third weekend) and had a ton of interest (probably over 200 inquiries) as well as a good number of showings where we get generally positive feedback on the property.  We also have lots of people asking for applications, which we do online using one of the common platforms, but only 1 application so far, which was unfortunately unqualified.  Any thoughts on what might be going wrong?  Or is this normal for the process and we just need to be patient and hope for more applications as we get closer to the end of the month?  Really appreciate any feedback!

[Kris L.]

Generally when this happens it’s because the price is a shade above market, but it’s hard to say without knowing more details.  What are you doing in terms of marketing?