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Updated over 2 years ago, 04/06/2022

User Stats

7
Posts
1
Votes
Dong Shi
1
Votes |
7
Posts

Should I invite them to lease or should I hold out?

Dong Shi
Posted

Hey,

Hey, I've got a listing here in a B neighborhood in C city in the Bay Area (Hayward, CA), that I'm trying to house hack with me living in the ADU out back. The property is top tier in terms of renovation and views, but lacking in terms of AC, room size, bad schools, and of course sharing parking and amenities with the landlord.

The place has got 4 bedrooms, which makes it somewhat of a rare find in the area. I typically manage to do about 5-10 showings a week, with maybe 2-3 highly qualified groups (e.g. Friendly, High income, good credit, one family, etc) per weekend. However I've never been able to land any of these tenants, but have gotten a fair bit of interest from less than ideal tenants (e.g. unusual living situations, people running a boarding house, middling credit, etc). 

Some of these tenants are quite friendly and seem responsible, but either have cosigners, non-ideal credit (high 600s), not-ideal income (e.g. 200k+, or self employed) , etc. Other viewers have had complaints about the sharing situation, lack of AC, small rooms, or otherwise. I'm currently 16 days on market. 

Should I hold out for an top-tier tenant or is that a fools errand? For those of you in the area, how many days does it typically take you to rent out a unit? 

Listing below

https://www.zillow.com/homedetails/3245-Kelly-St-Hayward-CA-94541/24967324_zpid/?view=public

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