The Rent House dilemma

Well, I haven’t posted a lot lately, but thought I’d add a little bit today.

I have a dilemma.  I finished construction of a beautiful Rent house in Cordova, TN back in July.  I have posted signs around it (including a HUGELY BUSY main road, I have listed it for sale in the Newspaper as well as online, (at least 30 websites have my house listed) as well as the Military Off-Base Housing site to try to attract military guys/families.

It is priced well, or so say my investor friends, but it has yet to rent.  I know it is probably “user error”, (i.e. I’m doing something wrong) but I can’t figure out what that is.

I started off advertising it at $1365, which is what Zillow had suggested.  But after no hits, I took it to $1295, then $1199, THEN $1095… I got LOTS of hits when I took it to $1095, but all of them had CRAZY credit issues from multiple Bankruptcies to Evictions and even one Meth Felony Conviction!!!  I can’t put someone in my house who could possibly start cooking Meth again!  WOW!

Once I got the house down to $1095, one of my really experienced Landlords told me that I had the rent WAY TOO LOW!  So, I contacted a Real Estate Manager to try to list it on her end for a great fee.  I sent in all my paperwork, but it’s been 3 weeks and she still doesn’t have a sign in the yard.

Just a bit frustrated at this point and don’t know what else to do to get it rented.  I would LOVE some feedback.

 

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