All Forum Posts by: Adam York

@Timothy Howdeshell That's a great idea! Thanks for that suggestion!

@Timothy Howdeshell When I said "first property" I meant first time managing. The property is owned and was developed by my father-in-law and his partners. They decided to self-manage to mitigate the losses from construction overruns and delays. He brought us on to help with getting them leased. To be honest, we are quickly getting to a point where we are considering suggesting they hire a professional management company instead if we can't get them leased soon.

Thank you everyone for the input!

@Jaron Walling Thank you!

There's a good variety. In the next neighborhood over where all the activity is I found the following, all 1bd/1bth apts.

917sqft: $1640

835sqft: $1729

893sqft: $1899

886sqft: $2250

The only thing I can think is that we don't offer any amenities; gym, pool, etc. The best advantage we have to an apartment is that you're front door is like 10 steps from your parking space.

Hey Everyone,

My wife and I are managing our first property and are having an extremely difficult time getting tenants. It's 12 units of lofts in a great area, walking distance from one of the most popular downtown hotspots. They're 1bd/1bth with an open loft that could be used as a bedroom so we're marketing it as 2bd/1bth. We've used services like apartments.com, zillow, and avail and still the leads just trickle in. After 3 months of no tenants we just started a special of $125 off each month for the first 12 months and we're finally getting more leads, but no one is biting! So far we've only got one unit leased and we're getting worried. Any tips!

Here's the listing.

https://www.apartments.com/401-charlotte-lofts-kansas-city-m...

Adam