Dropping Rental Listing Price

[Preston Loveland]

Hey guys, I just bought my first property in Salt Lake City that I am planning on house hacking. I’ve gotten a good amount of interest in the last two weeks for tenants in the top unit but my criteria are pretty specific to ensure I get some good tenants. Haven’t had anyone who meets all my criteria and is ready to move in on a sooner timeline as well.
Wanting to get this unit rented out on or before the beginning of March and am wondering if I should drop the price or not.

Any tips on what the best way is to drop the rental price on a listing on FB Marketplace, Rentler, etc.? Just change it or create a new listing? Trying to get as much reach as I can with it.

Thanks in advance!

[Nathan Gesner]

Quote from @Preston Loveland:

The price doesn't look bad. I will say that 3bed/2bath is a lot to squeeze into 1,000 sq.ft. A lot of people will be turned off knowing the Landlord lives downstairs, that's just the nature of the beast.

Also, a 3bed/2bath is most likely to attract people that want to settle for a while, but you are only offering six months? Open it to a one-year lease and you'll likely attract more attention.

And a single-family home should allow pets. Figure out how to accept them and monetize it. That will double your renter pool immediately.