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Updated 13 days ago on . Most recent reply

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Luis Cerwin
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How long should I give my PM to Rent a Unit before changing PM?

Luis Cerwin
Posted

I have a single family house in Detroit (I'm out of state) for past few years. This october the tenant left without warning and house went vacant. Repairs were needed and were finished by early december. Now the house has been sitting vacant for over one month despite PM putting it on zillow and other sites.

I'm curious, at what point does this reflect poorly on PM and suggest I should get antoher PM? On that note, any good PMs anyone would recommend in Detroit area?


Also concerning, I just looked at zillow post and the pictures are very grainy and unflattering, even though they should have access to the nicer photos (I have had these for years, see below)..

I've also been getting lots of calls form companies wanting me to sell my house. Anyone familiar with PMs who collude with house-hunting companys to purposefully make me more inclined to sell?


The picture they have on Zillow vs one of the several I have with the same view:

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Greg Scott
  • Rental Property Investor
  • SE Michigan
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

Changing PMs is probably not the solution to your problem, and will likely create other problems.  The pictures, while not great, are also not the problem.

Across the country, it is hard to rent a place over the holidays.  If you are not from this area, you should know it is even harder to rent a place when it is the holidays and it is cold and snowy outside, and the bad weather we had the first week of January hasn't helped you.

I'd have a discussion about what it would take to rent your place.  If you aren't getting any traction within about 10 more days, your asking rent is probably too high for this time of year.  Consider lowering your asking rents before changing PMs.

  • Greg Scott
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