Time to drop price on rental yet?

[Jack B.]

-It is priced comparable to rentals in the same area, and in better condition than some listed for the same price, much better condition.

-I have had a ton of interest, get a few emails a day, most don't qualify.

-I have done about 4 tours in the 3 weeks it's been listed. Last tour was very interested but it seems it went with another place.

-I have another month before the house becomes vacant, which I've budgeted for.

-It's currently listed at $2,800. I could drop it to $2,700. I know I am getting a lot of interest but no qualified applicants. I was getting bombarded with emails when it listed for $2,600 initially so I raised the price to $2,800 as I realized I had under priced it.

-I could offer a $500 first month discount instead of discounted rent? Less of a loss of revenue than discounting the rent by $100-200 a month.

[Michael Ablan]

@Jack B.-  I wouldn't panic.   These are the worst months to lease properties.  Keep spamming it on your facebook buy/sell/trade pages and I'm sure you'll land a tenant.  If it gets to closer to the end of the month and you havent sealed the deal then yes, try a promotional offer off the 1st month rent or security deposit.  

Typically a good condition rental will rent itself if it's in a desirable area and in the same price range as the competition