over 90 days of rental being vacant - any advice?

[Elad Messing]

Hi Everyone!

We have a 4 bedroom single family rental in Plano, TX that have been vacant now for 90 days (!). We haven’t had any issues renting it out in the past, therefore we do not understand why we struggling this time.

It has gone through make ready repairs and looks great, the only feedback we got from relatos who showed it is that people are saying that the street is narrow. The actions we took already to try and getting it rented include price reductions (twice), new photos and lower application fee. Any advice on other things we could do? And what could be a “hidden” reason for such a long vacancy period?

Thank you…

Elad and Keren

[Bruce Lynn]

App fee is still high at $75.....$40 is probably normal, but I've seen some lately that have no app fee.

Also $99 admin fee is unusual.  Not sure what that is about.

Tons of people have become investors in the past 4-5 years around here.  Just in your zip code there are about 40 homes currently for rent around your same price range.

You probably started out high, but I think now your pricing is probably more in the game.

There's always things you can do.....bump up your agent commission for 30 days.  Give some free rent for 2-weeks...become pet friendly....pro photos....more  extensive descriptions.