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Updated 9 months ago on . Most recent reply

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24
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10
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Evelyn V.
10
Votes |
24
Posts

Struggling to find tenants Kenosha

Evelyn V.
Posted

Hello,

I bought my first home in Kenosha Wisconsin a few months ago and have fixed them up to be rented out. I have listed the upper unit for rent 2 months ago and the lower unit 1.5 months ago, I am wondering if anyone has advice on what I should do differently? The upper unit is listed for $1400/mo, and the lower is listed at $1300/mo, previously lowered from $1350. Water is included, there are washer/dryer hookups in the basement, and no pets are allowed. Security deposit is $2000.
So far the upper unit has 135 contacts.
The lower unit has had 50 contacts. (Zillow data)
I've been doing open houses for an hour twice a month, and have had 4 applications so far from people who went. Should I contact a property manager?

There are a lot of things to consider, I'm unsure if this is normal for this time of year - other experiences and insight from local investors would be greatly appreciated.  

Thanks.

Most Popular Reply

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4,494
Posts
6,465
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Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,465
Votes |
4,494
Posts
Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied
Quote from @Evelyn V.:

Hello,

I bought my first home in Kenosha Wisconsin a few months ago and have fixed them up to be rented out. I have listed the upper unit for rent 2 months ago and the lower unit 1.5 months ago, I am wondering if anyone has advice on what I should do differently? The upper unit is listed for $1400/mo, and the lower is listed at $1300/mo, previously lowered from $1350. Water is included, there are washer/dryer hookups in the basement, and no pets are allowed. Security deposit is $2000.
So far the upper unit has 135 contacts.
The lower unit has had 50 contacts. (Zillow data)
I've been doing open houses for an hour twice a month, and have had 4 applications so far from people who went. Should I contact a property manager?

There are a lot of things to consider, I'm unsure if this is normal for this time of year - other experiences and insight from local investors would be greatly appreciated.  

Thanks.


 We fill our vacancies typically within a week or two and our rents are higher. We have a housing shortage, Milwaukee is the second worst (competitive) rental market for tenants behind Miami, FL. If you can't find a tenant something is really off. Can you share your Zillow link? 

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