Re: Return on Investment - Landlord Forum thread 119412

Re: Return on Investment by Jack on March 23, 2006 @14:56

I sympathize with you about the market. I am experiencing similar conditions.
I have learned that it is taking longer in this market to get places rented.
You should be able to get your $750. per month, but only when you hit on the right tenant.
The most natural response / advice people will give is "lower the price" if you want to get it rented, but I'm finding that isn't the answer.

I am sitting with a vacancy of a nice 1 BR apartment for months worth $900. per month according to comparable rentals. I'm only asking $750.ALL and am still trying to get a good tenant. Do I get calls on the ads? Yes, but not good ones. The local brokers are taking it on themselves to ask a higher price for my unit, but I know from running my own ads that it is really a matter of coming up with the right people.
So, the answer is that the market is not flowing with good prospects now and we have to try to hang in there as long as possible to get the right tenants.
That's how I see it. I hope it helps.

[ Reply ] [ Return to forum ]