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Updated 5 months ago,
Need Advice on a MTR in Los Angeles.
When I listed my Single-family 2b/2b property back in July I thought I would be getting tons of requests. Especially when I compare my property to the other homes in the area because of it's proximity to a luxury golf course, the boarder of Rancho Palos Verdes (a high-end neighborhood). The property has great amenities including central heat and air, pet friendly, washer/dryer, great backyard + patio, an upgraded kitchen and bathroom, and upscale furnishings.
I've gotten maybe 6 inquiries combined (through FF, AirBNB, and Zillow.) My price seems to be comparable to other listings with similar amenities. I could lower the price, but need to make $4200 to break even after 8% vacancy, maintenance 5%, 5% cap ex, monthly utilities, etc.
I would like to have it rented by September 1st. Do you find that your listing inquiries pick up closer to the availability date? Please let me know if you have any feedback on my listing links below.
I've only gotten 2 direct booking requests from Furnished Finder. I follow up with unmatched FF leads and respond to every inquiry within 24 hours. I have also listed it with relocation companies. Not sure what else I can do.
www.airbnb.com/p/spbungalow
https://www.furnishedfinder.com/property/708291_1
https://spbungalow.com/ (property website only- no pricing)
I can:
A) Wait a few more weeks to see if I get bookings at the price I need to break even.mwhile I Continue following up with leads and insurance contacts.
B) Lower the price by $50 every week until I get a booking
C) Offer a discounted rate to my first 3 bookings on Airbnb to get reviews and have my property rank higher in the algorithm.
Any other options anyone can think of? Thank you in advance for any feedback!