Re: Why Do Tenants? - Landlord Forum thread 353260

Re: Why Do Tenants? by Katiekate (New York) on July 16, 2017 @01:46

Do you mean you have stood empty for several months?

Even below average rent for the area..still empty?

There is something else wrong. Have you gone to look at other properties in your neighborhood? How do you compare in upgrades? Amenities?
Something else is wrong.

Next time you have a prospect that doesn't want your place...not offering to make an application...ask why. Careful to phrase it so that they don't think you are pressuring them...just hope they give you some feed back.

Finally... 625 credit score is already pretty low. I sure wouldn't lower that standard.

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Re: Why Do Tenants? by Anonymous on July 16, 2017 @14:39	[ Reply ]

Katie, yes SFH empty for about 2 months now. Yes, I have looked at comps in my neighborhood and the closest one was $150.00 more per month in rent. I have also quizzed several prospective tenants about their current rent versus my house. For a comparable SFH in a comparable neighborhood they are about $150.00 more per month in rent. Upgrades are exterior, new $8,000.00 roof, new siding, interior, fresh paint, glove clean. I suspect the major issue is that the house is 33 years old, and some of it is not perfect. I am competing with houses less than 10 years old that cost only $150.00 more per month. A few tenants in those $150.00 more per month rentals want to save the $150.00 per month and move to my house. But I won't accept them because they are not qualified. I am advertising on AHRN, Craig's List, Cozy, and Realtor.com rentals using the LPA Screening card info.