Tips for a rental that is just sitting

[Anonymous]

Anonymous wrote:

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/

Those 80s cabinets are the worst

[Anonymous]

As a renter, I could give a damn about '80s cabinets. But at $4500, I start wondering what I could buy for the same price (or a little more, given that some of my payments would be going into equity).

OP, where is the property located and what are you asking? It all comes down to location and price.

[Anonymous]

Ensure your photos are taken in good light and show all the rooms. Allow pets. Lower the price.

[Anonymous]

It's a catch 22. You can't lower the price without possibly introducing a lower level of renter.

[Anonymous]

Anonymous wrote:It's a catch 22. You can't lower the price without possibly introducing a lower level of renter.

What an absurd statement.

[Anonymous]

Anonymous wrote:As a renter, I could give a damn about '80s cabinets. But at $4500, I start wondering what I could buy for the same price (or a little more, given that some of my payments would be going into equity).

OP, where is the property located and what are you asking? It all comes down to location and price.

Yes, this.

[Anonymous]

It all depends on your market. Can you air b&b it? rent it furnished? allow pets? is it good for tourists, contract nurses, interns, military, people with vouchers? But a studio downtown is different than a 7-bedroom in College Park.

[Anonymous]

Post on neighborhood listserv, repost on the sites you already use, take photos when sun is shining in the windows for your refreshed posts

[Anonymous]

Sell it. There are far easier ways to make money.

[Anonymous]

Are you not allowing pets? Anecdotally I know a few families having a hard time finding a place since many disallow pets.

[Anonymous]

Anonymous wrote:It's a catch 22. You can't lower the price without possibly introducing a lower level of renter.

The house across the street from me rents at $4k+. Doesn't stop the couple from arguing in the lawn on the weekly.

[Anonymous]

You need to push into social media where there are people who are moving on short notice. Try the military Facebook groups etc.

But I’ve never seen a house in a good location (good schools) with market-rate rent sit in this region unless something is off. Did you just start to market it once it was vacant/ repaired?

If you post the link we can probably tell you.

[Anonymous]

Most people with kids in school are already settled. I'm guessing you know that.

[Anonymous]

Anonymous wrote: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?

Keep an eye on the place!

Squatters are watching closely which places sit for months and then move themselves in when the place has been unlimited for 2 or 3 days.

[Anonymous]

* not visited, not unlimited, lol.