Vacancy - Landlord Forum thread 355257

Vacancy by Libby (Pa) on December 1, 2017 @20:29

Is anyone having trouble renting their properties? I have been a Landlord for 10 years. This is the first year I am having trouble renting. My turnover rate is usually 1 to 2 months. I have had a vacancy for 6 months now.
I checked Craigslist and my rates are the same or lower compared to other properties in the area.

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Re: Vacancy by Anonymous on December 2, 2017 @05:27	[ Reply ]

What price point and are you mfr or sfr. I rent both and have found slowing also but financial quality of prospects has declined significantly, lying has gone way up and at the upper level of sfr's there are more blended households of unrelated adults and children and pets. As in six to nine people in a three bedroom house. Then they balk at all of them needing to apply and clear and sign the lease,... And there's the conversation about unfinished / unheated basements not being living, sleeping or play space,.... And can I or they close off the dining room or the corner of the living room so it can be used as a bedroom. Amongst the group there is always one or two who either don't work, or are on assistance, or are "self employed" or "contractors". I've always been a subscriber to the 'having no tenant is better than a bad tenant' philosophy,......but it is getting more difficult to resist the warm body syndrome. Particularly now that it's winter.

Re: Vacancy by Anonymous on December 2, 2017 @21:38	[ Reply ]

Texas LL here. The peak season for renting a SFH is usually April through August of any particular year, IMO. That being said, I have successfully rented my SFH in February one year. This year I found (and they found me) excellent tenants in July. I rent mostly to military. I always hold out for highly qualified tenants no matter how long it takes. It has taken me up to a year in the past. Hold out and don't lower your criteria, and be patient.

Re: Vacancy