How's the rental market in Stamford,CT?

[Byram Heights]

Are people having hard time finding quality tenants ? I have a place sitting in the market for over 60 days now,  that is fairly priced, but there has been absolutely no interest. Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

[Samuel Eddinger]

Unfortunately it means that you are most likely mispriced or for some reason, people are not finding your marketing.  I'd check to see that your marketing is good first.  A lot of the sites will push you again to the top when you do a price drop so maybe drop the price like $25 or $50 every week or so until you get it rented.  The lost opportunity is worth a lot so lower your rents like every week or so.

[Byram Heights]

Quote from @Samuel Eddinger:

Unfortunately it means that you are most likely mispriced or for some reason, people are not finding your marketing.  I'd check to see that your marketing is good first.  A lot of the sites will push you again to the top when you do a price drop so maybe drop the price like $25 or $50 every week or so until you get it rented.  The lost opportunity is worth a lot so lower your rents like every week or so.

Thanks Samuel. Here is the listing.

https://www.zillow.com/homedetails/444-Bedford-St-APT-4P-Sta...

Thoughts? I think it is fairly priced. Heat, and Hot water is included in the rent.

[Landon Mizuguchi]

Following. I'm also interested.

[Samuel Eddinger]

Quote from @Byram Heights:

Thanks Samuel. Here is the listing.

https://www.zillow.com/homedetails/444-Bedford-St-APT-4P-Sta...

Thoughts? I think it is fairly priced. Heat, and Hot water is included in the rent.

If it is on the market for that long with decent marketing as you have, it is overpriced.  I'd start slowly lowering it to drum up attention.  

Think about it this way.  In our crazy market if a property is on the market for that long when everything is coming off so quick, I'd be asking the question, what's wrong with that property?  I think a lot of people think like me.

[Mario Bellavia]

Quote from @Byram Heights:

Are people having hard time finding quality tenants ? I have a place sitting in the market for over 60 days now,  that is fairly priced, but there has been absolutely no interest. Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

 Hey Byram, I thought I had responded in your other thread when you sent the link, it looks like it didn't go through.  In short, I think your place would rent faster if it were priced between $1800 and $1900.  Your current price around $2200 has you competing with full service buildings with amenities.  Check out www.apartments.com you'll see what I mean.