200 people reach out in 10 days, 40 showings, 0 apply

[Jonathan Beemer]

Hi, I am wandering why our property has had no applications?
We are priced the same as everyone else in the area but are the only renovated one. 
Why are they not following through. I have had people take applications and seem to be really happy with it and say they will come drop it off the next day, etc. But so far no one has done it.
I am fine waiting but Id like to get someone in there asap but i do not want to lower the price.
maybe the deposit is too high? maybe the remodel is not good enough? maybe it's the season?

Thank you for advice.

[Sherif Lyons]

There could be a number of reasons why. The #1 ive seen is usually the surrounding area not being up to par with your building ie: B+ class building in a C- neighborhood. Keep in mind if 200 people contact you, 50 are going to actually tour and 5 will actually lease. Most people will simply put it off "ill apply on Monday" then never apply. A good solution to that is an open showing where you tour multiple people at the same time. They see the competition and usually apply afterwards.

What is your deposit?