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All Forum Posts by: Sean Pedeflous

Sean Pedeflous has started 7 posts and replied 23 times.

Quote from @Susan H.:

@Sean Pedeflous

Like Holly, I'm a self-managing landlord in Fayetteville. And as Greg said, we're in peak leasing season.

How does the rent on this unit compare to the first unit in quality and rent price? You mentioned you consider this unit to be "nicer." Why do you think so?

If you'd like to message me the address (or the link on Zillow for the available unit), I'd be happy to share some ideas with you. ~Susan


 Hey Susan, the rent is the exact same. I just think the coloring is nicer, same exact layout and materials. This was my posting.... I actually ended up securing a lease on the third, but took a 2.5 month so I'm already concerned for next time ha. But would love to hear your thoughts.

Quote from @Alecia Loveless:

@Sean Pedeflous I think psychologically $25 can be a big game changer. I tend to get more action and have more success if something is marketed at $775 instead of $800 or $1475 instead of $1500.


 interesting!

Hi Holly, Yes - insight from a local is great :) I was able to rent the first unit but this other one I haven't and it has been a while. Plus - everyone here says to lower the price even though I am getting a few applicants each week. Just for different reasons it hasn't stuck and as a first time owner - I'm getting ansty waisting money.

I am always on the NWA rentals FB group and commenting on every applicable post getting some interest there. I'll check out U ofA Parents. I'm on the official off campus UofA website too. I have only gotten a few requests from there.

Question for you: I would have though most students by now figured out housing, this is about the time they start looking? I have not had many student applicants which was alot of reason why I purchased there 

Interesting! Thanks! I'm using Zillow as the way to apply so I'm not totally sure where those leads are coming coming from becasue they all funnel through Zillow. Why a percentage and say not $25, $50 increments which is what most people I have seen recommend?

OH forgot to add, we rented out the first unit in a few weeks at this price! And personally, I think this unit is nicer.

Thanks Greg, that makes sense.

1) Good idea to go lower in increments, maybe it's me but is $25 dollars that much of a game changer? I guess for many people it is?

2) It has great curb appeal and I have professional photos and cleaned it up. I ask all the rejections for tenants and everyone really likes it. If you're interested in my posting its here

3) Honestly, I moved all communication to me directly. The PM is just showing the place at this point as I have taken over communication because I'm more urgent and faster and communication back.

I'm an out of state investor and I purchased a duplex in May (Fayetteville Arkansas next to the college). I hired a PM to help find the tenants and do showings. We were not getting a ton of leads and I quickly realized the PM just posts on Zillow and waits so I started hustling on FB market place and commenting on other people's post in the local Facebook groups.

Lot of junk applications but did start to grab quality tenants. We have had a lot of applications and several showings but haven't been able to land it to no fault of the house. Everyone seems to likes the property, sometimes they want something bigger, found something furnished, something closer to school... etc...

My question is, as a very impatient first timer, is I'm considering lowering the price but I'm getting solid leads with my current price. I would still be cash flow + but I'm just unsure if I have had unfortunate luck and if lowering $75 -$100 would really make a difference.

Any advice or thoughts would be appreciated!

I'm brand new into RE.... I recently purchased a duplex. The city contacted me yesterday saying they had previous conversations with the owner and cutting 5ft into my yard to add a hiking/trail path. I nor my RE agent was made aware of these conversations during the buying process. The city wants to set up a time to inform me about the project. They claim it will boost property value.

It might, but I feel like that is should I should have known about prior to purchase and I'm also unsure how the city can do this with out permission or paying for it. Can anyone point me in the best next step? Thanks :)

Hi Mark, my agent had me set up and do my first lease with avail.co.... looks like they are similar. But I like the features of tenant cloud. Am I able to sign up and just use it to adver across the 20+ sites you listed? Eventually I could switch over but I dont want to have 2 leases on separate platforms for obvious reasons. What do you think?

Quote from @Dan Thomas:

When you say PM doing the leg work, do you mean they are marketing the property? Did they post on MLS? Are they soliciting feedback from showings to understand why people are not interested?

Summer can be tough in some markets.  I had a FL rental that would sit vacant in the summer because no one wants to move in 100 degree weather.  In the Northeast that is the best time to move because you are not fighting with snow.  It is very market specific.

The listing may be getting stale?  I have had luck in the past with my realtor pulling the listing for a week or two, freshing up the listing and relisting at the same rate and getting it rented quickly.  2.5 weeks doesn't seem un-reasonable to me.  I would really be trying to get feedback from showings and attacking any feedback that you get.


 Hi Dan,

Yes the PM is marketing the property via the MLS and doing some showings. Thats a good question to ask so I'll have to look into that.

Interesting note about taking off the listing and delisting it! thanks for the input.