Hi vacancy rate in San Antonio?

[Heather H.]

For landlords or property managers in San Antonio, have you had a hard time filling vacancies recently? My SFR has been vacant since October and people are telling me that multiple property management companies are having a hard time filling vacancies. Is anyone else having the same experience? Further detail below:

I have a 3/2 SFR in Highland Park that had renovations finished in October, and it has been sitting vacant ever since. We were asking too much for rent in the fall, then I understand there being a slowdown at Christmas. Since then, we've been dropping the rent and are now $105 below the amount that I thought would be a realistic floor based on comps and on the opinions of a couple real estate agents who have no interest in the deal (comps taking into consideration location, size, and state of renovations of course).

I have a professional property management company that insists they are getting multiple showings per week and there isn't anything specific that potential tenants dislike about it.

This is my first property in SA but I've done BRRRR from out of state before and have had rental SFRs for 9 years. It's kind of disappointing that I managed the difficult part of the BRRRR strategy from out of state - the purchase and rehab - but am getting hung up on the part that should be the easiest.