@Paul Leason I think this is a similar situation. My PM leasing company is showing the property about 10 times a week and receiving ~3-5 apps/ week but none are getting approved. The potential renters are not the financially stable renters we are looking for.
@Jake Thomas you are correct. It has received more attention since the rent has reduced from ~1400 to ~1200. I still have the problem with not finding the best tenants though.
@David Edwards I have a B unit in a B neighborhood. It is a duplex near the intersection of East Paris and 28th st. Basically Kentwood and there are a lot of shops and restaurants near by. GR is a great area for growth. I also have a condo in Kalamazoo off Stadium dr. near 9th st. I grew up in the Kalamazoo area and left during the recession.
I apologize for the delay in my response. I am not a pro so I am doing this in between my regular job and grad school. I took a little more ownership over the past month and made a couple trips up to GR to work on one of the units.
One unit was updated with a standard laminate counter top and new bathroom vanity. The previous countertops in both units were a 1970's salmon pink color. The updated side is a ~1300 sf 4 bed/ 2 bath and rented for $1350.
The other side has been listed for ~3 weeks at $1200. This is about 1200 sf and 3 bed/ 2 bath. I just took it down. I am going to replace the countertops in the kitchen with an LG Himac and have the bathroom countertop refinished. The current appliances are all white but mismatched. I am going to replace with an easy maintenance stainless or black.
So we'll see what happens...
