Taking Longer to Rent Property in Plainfield than Expected

[Scott Passman]

What kind of turnover times are you seeing to rent out a single family home in Plainfield over the last several months? I have a 3 bedroom SFR on the east side of Plainfield that we have been marketing for 21 days with minimal interest and I'm wondering if it has more to do with the time of the year or other factors? I initially marketed it for $1300/month which is on the higher end for this particular street, but still about $50-75/month under the average for a 3 bedroom in Plainfield. But have since reduced it to $1250/month which is about what it had been renting for over the past year prior to me renovating it with all new flooring and a few cosmetic upgrades. The property is on Clover drive right by the Indianapolis airport. Thoughts or suggestions?