All Forum Posts by: Sachin Sharma

The whole idea to pay top $$ to the agency is to strategize rentals in the tough seasons like Nov, Dec and Jan and get the place rented even for lower.

What's the big deal if they can find the renter in spring/summer when even an owner's average listing on Zillow can draw  a lot of tenants.



Originally posted by @Jaysen Medhurst:

I hear you, @Sachin Sharma. Best of luck and let us know how it goes!

I have dropped the asking rent by 5%.  Oftentimes, lower rent attracts unqualified renters. Not only that, it drives away qualified renters thinking there must be something wrong with the place for a big % drop. 

However, I do get your point about being practical here and rent for less and recoup during prime season. I am looking at the inventory and there aren't many 3 bed 1.5 bath units in the 3k range.There were two parties who were willing to pay the asking price of $3200 but had a pet. So that's also a factor.

I can't fathom that the place is unrentable that I should drop the rent to under 3k. 

Originally posted by @Michael Totman:

Try to lighten up the move in money requirements.  Would you rather lose $3,100 every month while you wait, or only $300-$600 and get someone in for less than max rent sooner? If the specific neighborhood isn't the issue and it's just timing then remember to make your future rental contracts expire outside of the slow period.  If you've had 0 to a few prospects then it's likely the cost preventing more interest.

 The complex albeit close to a highway is in a private, stunning and very well maintained setting. I specifically spent a good time inside the unit to make sure that there’s no traffic sound coming through. Can you please be more specific about being close to a highway?  I also have a smaller unit in Byram who got rented in a heartbeat for an asking price last year but that was summer.

I bought this place for my folks as I wanted them to move close to me but due to some circumstances they want to hold off moving for a year or two.

I have an agent who has listed it on MLS & GMLS and the whole nine yards but no luck yet.  I myself have been actively marketing using Zillow network.  They think it is just the time of the year and overly priced rental market .  I don't trust Facebook as I haven't had success finding qualified renters there.

I welcome any other suggestions.




Originally posted by @Jaysen Medhurst:

Hey, @Sachin Sharma, I was just at Byram Park with my kids on Sunday. Practically drove right by your place. 

I think you're a bit overpriced for Byram. It's frankly one of the least desirable parts of Greenwich (that's very relative, of course, because nearly all of Greenwich is lovely). You're right next to the highway (my wife and I passed on a Delavan Ave. house for this very reason) and you're a bit farther from the Port Chester station than most commuters want to walk. The rub is that close to the state line, so you're also competing with Port Chester rents.

Where and how are you marketing?

I see you just purchased the house in November. Did you buy this as a rental? If so, I'm curious to know why. You'll never cash flow with any kind of conventional financing in place. The discrepancy between rent and cost is just too out of whack in Greenwich.

FYI, renters usually pay for these services separately in an apartment complex.

The last unit in the premises got rented for $3100. 

I am asking for a market rate and a standard two months security deposit.

Sorry,I can't allow pets of any kind. It is my personal choice.


Originally posted by @Shain Ismailovski:

I think the $6300 is a problem on top of the rent you're already scaring people off with the price. Average rents in the area are 3087 with the median being 2800. So your rental sweet spot will be between $2800 to $3087. Try lowering your deposit amount and adjusting your rent price. Make sure your rent is competitive with what has already rented in the area within the past 6 months NOT what is currently on the market. As someone suggested allowing pets will also increase your applicant pool.You may find more people willing to pay the already established prices for allowing pets. Pick one of these strategies and see  if it helps as I don't believe it has anything to do with the property itself, although hard to tell via pictures.