All Forum Posts by: Manasa Srinath

Thank you all for your inputs, we are bringing down the rent by $50 and also changing the term on the lease to be short-term 9 months, the CMA is 50% . The community where this home is turning out into an investors area with a lot of homes with renters so it is getting harder to get lease in this area. We are willing to go down another $100 or so in terms of rent as long as we get this leased within next 90 days.

Hi All

We put our home for listing mid August, the current tenants (who were excellent by the way) are vacating tomorrow . We listed the home the same lease that our current tenants were paying, the home in Collin County with an excellent school district. However we had only 1 enquiry in the last two weeks and prospective tenant did not get back to us with an application. We have hired a realtor for the listing however I am not sure how much marketing he is doing since there is no activity on the listing. 

The DFW and particularly Collin County rental market has been hot and we have not heard any issues with renting, are there signs of this slowing down now, should we start reducing the lease price since it has been more than 2 weeks since we listed. I understand that we listed the home after the school districts opened in this area but this was a red hot market for home sales and rentals and we are surprised to see that there is no interest. The home is in great condition and it is less 2000 sq ft with 4 bed/2 bath.

Anybody with knowledge of the rental market would appreciate tips/suggestions. I think we got spoiled as landlors since when we bought the home we leased the house on the day of closing...

Thank you