Updated almost 12 years ago on . Most recent reply
Oklahoma City (Moore) SFR
Anyone who invests in the OKC market may be able to help!
I just closed a SFR April 11th, and am trying to rent this, however am not getting the traffic I expected. Let me preface with, I own 2 duplex's which rent in the range of 585-725 for all 4 units, and when I re-lease these I get 5-6 calls a day with a sign and craigslist.
Now I bought a nicer SFR that is located in Moore, OK, walking distance to elementary and middle schools. It is 1946 sqft, 2002 house, 4 bd/ 2 ba/ storm shelter, 2 car garage and outdoor sheds. I am attempting to rent it for $1495 with a deposit of $1495 and $250 non-refundable pet deposit, however I have had maybe 5 calls since I put the sign up (3 days ago) and one showing.
I don't want to wait 3 weeks, before I realize to lower the price; however at the same time I don't want to jump into this with such a low price. Is this priced to high, or is typical for higher end houses? Any suggestions?