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Updated almost 2 years ago on . Most recent reply
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Trouble finding renters in South Norwalk
Hello all!
We bought an amazing home in South Norwalk and are having trouble finding renters. We have it posted on Zillow, apartments.com, Craigslist and flyers around town. Many people become very interested and have seen the apartment(close to 100 at this point!) but when it comes down to application and documents everyone seems to fall through? We keep up with communication and are also very open to Section 8 tenants. The unit is newly renovated and they would be the first to live in it!
Here is the Zillow link. Any advice is very much appreciated!
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We run a property management company in CT but do not service the Norwalk area.
There are a number of considerations when renting a property that tenants are thinking of. They are price, pets, parking, location, layout, laundry. I see in the listing that you say no pets. This already reduces the tenant pool by 60%. You also mention Section 8. I do not believe that any voucher will cover Section 8 at your listed rental price so that reduces the pool of qualified applicants. You also are going up against a difficult time to rent property (winter in CT is the slowest time).
In general, the answer to all these questions is to reduce the rent. The market will ultimately tell you where it should rent for. If you are marketing well and you do not get a qualified person in 2 weeks you should be reducing the rent or reconsidering pets or incentivizing with a first month half off special or something else to drive new traffic.
I'd be happy to discuss this further. DM me if interested.