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Updated almost 4 years ago on . Most recent reply

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E Norton
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Trouble finding tenant

E Norton
Posted

Newbie here... I have a 1 bed 1 bath in a desirable neighborhood in Denver (with covered, reserved parking which is HUGE in this neighborhood). It was priced at $2,000, but had since been lowered to $1900. It is on the higher end of 1bed 1 baths for rent, however similar in quality to others in the area with similar prices. I just can't find a tenant. I have done a few showings, but nothing is sticking. Any suggestions? Do I need to lower rent again? Wait it out because of COVID? 

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I would start by reaching out to some of the people who you showed it to and ask them why they chose not to proceed.  Gather some real 1st hand feedback and you may hear a common theme come of each of them regarding price, location, vale, layout etc.  The data and calculators will tell you one story but the consumers may give you a different perception. Perhaps interview some property managers too and get their feedback.  Use the info to drive your next decision. 

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