Tips for a rental that is just sitting

[Anonymous]

We've always timed our leases to end in summer, but repairs meant we weren't able to list until beginning of Sept. It's been sitting two weeks and only two bites. Absolute crickets!! I knew it would be rough, but this is brutal. Any tips or strategies to get movement? What have other landlords done in this situation?

[Anonymous]

Lower your price. Take better pics.

[Anonymous]

It's about money.

[Anonymous]

It's money. I cannot believe landlords rather have the house sit empty that rent it lower price. Where is the rental?

[Anonymous]

Do the math. It’s better to lower the rent than having it sit empty.

[Anonymous]

Money and features. Lower the price.

[Anonymous]

Do a CMA to check if it is priced appropriately. This is a slow time of year for rentals, so don’t sweat it yet.

[Anonymous]

Offer it for short term rental. If you get a 6 month lease that would put you into March which is a better time to rent.

[Anonymous]

OP here. It's offered with flexible lease terms (short to long). It's been two weeks so price drop is next, how much of a drop draws attention? Any particular strategy, like does it help to list with realtors or certain sites or is that just wasted money? It's currently on Zillow and MilitaryByOwner.

[Anonymous]

Turbo Tenant

[Anonymous]

Lower the price.

[Anonymous]

Anonymous wrote:OP here. It's offered with flexible lease terms (short to long). It's been two weeks so price drop is next, how much of a drop draws attention? Any particular strategy, like does it help to list with realtors or certain sites or is that just wasted money? It's currently on Zillow and MilitaryByOwner.

I always look around my Competition in the neighborhood and lower it by few hundred dollars.

[Anonymous]

Is your home stuck in the 90s? Any updates? Time and time again I see rentals that have not been updated but want top dollar. Like why do you still have a white refrigerator? No you don’t live there, but come on.

[Anonymous]

Try apartments.com and redfin.
Do you allow pets? If no, that may be something to change before lowering rent.

[Anonymous]

Anonymous wrote:Is your home stuck in the 90s? Any updates? Time and time again I see rentals that have not been updated but want top dollar. Like why do you still have a white refrigerator? No you don’t live there, but come on.

I’m the poster above, here’s an example of what I’m talking about.

https://www.zillow.com/homedetails/5401-32nd-St-NW-Washington-DC-20015/458479_zpid/