Lots of inquiries, shows, no lease

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Lots of inquiries, shows, no lease

Durham, NC · Member since 2015 · 48 posts · 18 votes

My husband and I recently bought our first house to rent, it was a big step taken after much research and thanks in part to what I have learned from BP!

I've been marketing it for several weeks (posting a few times a day to craigslist, it's on zillow, truilia, hotpads, realtor.com, ect). The first week we had it listed on the high side for the area, $1350 and had 4 showings (2 good prospects). Since we knew we were on the high end and no one took the bait, we came down to 1250 which is more the area I was expecting/want to be and we decided to offer lawn service (60-80/month depending on the season) because a few of the comments from prospects were about taking care of the lawn.

With the lower price, I've had probably 20+ inquiries and arranged 3-4 showings, no takers. Only a few people this whole time have even asked for applications. I tried an open house and only 1 person attended. The majority of the inquiries did not respond when I replied to their inquiry, most did not ask any questions so I would just offer to show it to them at X time and include our rental reqs.

The house is renovated - there is laminate flooring thorough out, granite countertops, nice new paint. I wouldn't say 100% the newest everything but 90% redone. A fabulous fenced yard and we're allowing pets. The neighborhood is C+ I would say. Our street has little 1970s houses on half and smaller apartment complexes on half (some of which are section 8). It is rated as "low crime" on Trulia.

Do we need to lower the price more or is this a case of where I just need to wait for the right person? We are still projected to make a small profit at 1100/mo so we can afford to go down, I just don't know if the price is the issue or we need to wait a little longer...Thanks for your insight!

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San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes

Originally posted by @Lacey S.:

My husband and I recently bought our first house to rent, it was a big step taken after much research and thanks in part to what I have learned from BP!

I've been marketing it for several weeks (posting a few times a day to craigslist, it's on zillow, truilia, hotpads, realtor.com, ect). The first week we had it listed on the high side for the area, $1350 and had 4 showings (2 good prospects). Since we knew we were on the high end and no one took the bait, we came down to 1250 which is more the area I was expecting/want to be and we decided to offer lawn service (60-80/month depending on the season) because a few of the comments from prospects were about taking care of the lawn.

With the lower price, I've had probably 20+ inquiries and arranged 3-4 showings, no takers. Only a few people this whole time have even asked for applications. I tried an open house and only 1 person attended. The majority of the inquiries did not respond when I replied to their inquiry, most did not ask any questions so I would just offer to show it to them at X time and include our rental reqs.

The house is renovated - there is laminate flooring thorough out, granite countertops, nice new paint. I wouldn't say 100% the newest everything but 90% redone. A fabulous fenced yard and we're allowing pets. The neighborhood is C+ I would say. Our street has little 1970s houses on half and smaller apartment complexes on half (some of which are section 8). It is rated as "low crime" on Trulia.

Do we need to lower the price more or is this a case of where I just need to wait for the right person? We are still projected to make a small profit at 1100/mo so we can afford to go down, I just don't know if the price is the issue or we need to wait a little longer...Thanks for your insight!

I don't think the $1350 is too high. You had showings and two good prospects at that price. They just mentioned they were concerned about the lawn care. So, I'd go back to the $1350 rent, and advertise that rent includes a gardner.

If you come down too far, good tenants will think something is wrong with the property.

My guess, is that they are doing the math - hmmmm, $1350 is high and we'd also have to do or pay for lawn care.

But, if they were absolutely not interested at all - they wouldn't have asked about the lawn care.

So, I'd go back to the $1350, and include lawn care in the ad.

Also, if the 3rd bedroom is weird - to the point of people balking over it, then include in your ad that it's got 2 full bedrooms and a third converted room that is large enough to use as a bedroom (will fit queen sized bed) or can be used as a den. People don't like to feel tricked and they may feel that way. But, if you are up-front about it, they will go into it with the idea that they can make that room work - even if it's a converted space.

It's just how you market it.

Also, I'm wondering if your rules or manner is putting them off in any way.

And, how available are you to show it? If you aren't available for people who work, you'll just get people who don't.

In a way, it's good that you aren't flooded with calls, because that usually means you're priced way too low.

Maybe you could cut and paste your ad and we can help you re-write it?

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Chris Eaker
Buy and Hold Investor · Knoxville, TN · Member since 2013 · 450 posts · 270 votes
10y
@Lacey S.
How long has it been on the market? Sometimes it does take more than a month to find the right tenant. No tenant is better than a bad tenant any day. It also could be that you overestimated the rent. I wouldn't go all the way down to $1100 at once, but try $1195 and see what you get. What else can you throw in to sweeten the deal? Internet?
1 Reply
Stacie Johnson
Residential Real Estate Broker · Cedar Rapids, IA · Member since 2014 · 5 posts · 2 votes
10y
Is the layout regular or is it funky?
Is there a dishwasher and garage?
Is the deposit reasonable?
What are other homes in the area going for?
What else can a renter get for the same money?
0 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
@Chris Eaker, I was sort of thinking to have the alarm system reconnected, since the neighborhood isn't amazing. Maybe I will look into that next week depending on the showings I have tonight and what the feedback is. It's been on the market 3 weeks in total but really only 2 weekends. ok next week I will think about coming down maybe to 1225 and then 1195. Thank you!
@Stacie Johnson - good questions, thank you!
The layout is normal, except I suspect the 3rd bedroom was converted from a dinning room so maybe it's not very desirable as a 3rd bedroom, but more like a large office. All the bedrooms are big enough for a queen bed. There is a dishwasher, there isn't a garage (but garages not so common here) but there is a sizeable exterior shed for storage.
There aren't a lot of 3 bed homes on the market nearby....there are some luxury apartments for 1400, there are some houses closer to the Univ but also smaller that are like 1600-1800. One house a few blocks one way is 1250 also and a house a few blocks the other way is 1600.
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Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:

My husband and I recently bought our first house to rent, it was a big step taken after much research and thanks in part to what I have learned from BP!
I've been marketing it for several weeks (posting a few times a day to craigslist, it's on zillow, truilia, hotpads, realtor.com, ect). The first week we had it listed on the high side for the area, $1350 and had 4 showings (2 good prospects). Since we knew we were on the high end and no one took the bait, we came down to 1250 which is more the area I was expecting/want to be and we decided to offer lawn service (60-80/month depending on the season) because a few of the comments from prospects were about taking care of the lawn.
With the lower price, I've had probably 20+ inquiries and arranged 3-4 showings, no takers. Only a few people this whole time have even asked for applications. I tried an open house and only 1 person attended. The majority of the inquiries did not respond when I replied to their inquiry, most did not ask any questions so I would just offer to show it to them at X time and include our rental reqs.
The house is renovated - there is laminate flooring thorough out, granite countertops, nice new paint. I wouldn't say 100% the newest everything but 90% redone. A fabulous fenced yard and we're allowing pets. The neighborhood is C+ I would say. Our street has little 1970s houses on half and smaller apartment complexes on half (some of which are section 8). It is rated as "low crime" on Trulia.
Do we need to lower the price more or is this a case of where I just need to wait for the right person? We are still projected to make a small profit at 1100/mo so we can afford to go down, I just don't know if the price is the issue or we need to wait a little longer...Thanks for your insight!
I don't think the $1350 is too high. You had showings and two good prospects at that price. They just mentioned they were concerned about the lawn care. So, I'd go back to the $1350 rent, and advertise that rent includes a gardner.
If you come down too far, good tenants will think something is wrong with the property.
My guess, is that they are doing the math - hmmmm, $1350 is high and we'd also have to do or pay for lawn care.
But, if they were absolutely not interested at all - they wouldn't have asked about the lawn care.
So, I'd go back to the $1350, and include lawn care in the ad.
Also, if the 3rd bedroom is weird - to the point of people balking over it, then include in your ad that it's got 2 full bedrooms and a third converted room that is large enough to use as a bedroom (will fit queen sized bed) or can be used as a den. People don't like to feel tricked and they may feel that way. But, if you are up-front about it, they will go into it with the idea that they can make that room work - even if it's a converted space.
It's just how you market it.
Also, I'm wondering if your rules or manner is putting them off in any way.
And, how available are you to show it? If you aren't available for people who work, you'll just get people who don't.
In a way, it's good that you aren't flooded with calls, because that usually means you're priced way too low.
Maybe you could cut and paste your ad and we can help you re-write it?
2 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
@Account Closed - those are good suggestions, I was thinking about promoting it as 2 bedroom +bonus room; or 2 bedrooms + den. I do feel it's better for a couple or smaller family (ie 1 kid) than 2-3 kids, because it's only 1 bathroom. Ok I will think about it, maybe list it both ways on Craigslist. I did adjust my rental criteria as several people told me they did not have a 650 score, now I just say credit check.
My fees seem to be in the same ballpark or lower than other places (especially pet fees!).
Oh and I'm mostly showing it evenings and weekends because I work full-time, so far that has been ok for everyone.
This is what my ad says now (with minor variations), suggestions appreciated!
Come and see this 3 bedroom, 1 bath house with a large fenced yard - great for kids and dogs! This house offers convenient access to XXX University (10 mins), XXX Hospital (5 mins) and lots of shopping including Costco, Bed Bath & Beyond, Petsmart, Kroger & more just minutes away. And no carpet anywhere!

Rent is $1250/month and $1250 deposit required.

Features:
3 bedrooms
1 bathroom
New Granite countertops
Lawn service
New wood laminate flooring - no carpet!
Dishwasher
Huge fenced backyard
Outdoor storage shed
Washer/Dryer
Convenient online rent payments
Off-street parking

Rental requirements:
Credit Check (students may need qualified parent co-signer)
Verified income of 3x the monthly rent
Positive reference from previous landlords
Clean criminal and rental history
Each tenant over 18 must complete an online application with credit and background check ($40 fee)
Maximum occupancy: 5 people

Pet Policy:
All pets must be pre-approved prior to moving in, will consider both cats and dogs. $200 pet security fee; $50 for second pet. Maximum of two pets total. No dogs under 1 year of age or over 50 lbs.
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Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:

@Account Closed - those are good suggestions, I was thinking about promoting it as 2 bedroom +bonus room; or 2 bedrooms + den. I do feel it's better for a couple or smaller family (ie 1 kid) than 2-3 kids, because it's only 1 bathroom. Ok I will think about it, maybe list it both ways on Craigslist. I did adjust my rental criteria as several people told me they did not have a 650 score, now I just say credit check.
My fees seem to be in the same ballpark or lower than other places (especially pet fees!).
Oh and I'm mostly showing it evenings and weekends because I work full-time, so far that has been ok for everyone.
This is what my ad says now (with minor variations), suggestions appreciated!
Come and see this 3 bedroom, 1 bath house with a large fenced yard - great for kids and dogs! This house offers convenient access to XXX University (10 mins), XXX Hospital (5 mins) and lots of shopping including Costco, Bed Bath & Beyond, Petsmart, Kroger & more just minutes away. And no carpet anywhere!

Rent is $1250/month and $1250 deposit required.

Features:
3 bedrooms
1 bathroom
New Granite countertops
Lawn service
New wood laminate flooring - no carpet!
Dishwasher
Huge fenced backyard
Outdoor storage shed
Washer/Dryer
Convenient online rent payments
Off-street parking

Rental requirements:
Credit Check (students may need qualified parent co-signer)
Verified income of 3x the monthly rent
Positive reference from previous landlords
Clean criminal and rental history
Each tenant over 18 must complete an online application with credit and background check ($40 fee)
Maximum occupancy: 5 people

Pet Policy:
All pets must be pre-approved prior to moving in, will consider both cats and dogs. $200 pet security fee; $50 for second pet. Maximum of two pets total. No dogs under 1 year of age or over 50 lbs.
Wow! You're good! I'd just change the ad to say 2+ bedrooms, but when filling out the ad on CL, put it in the 3 bedroom section. And add the 3rd room can be used as bedroom or den, but is big enough for a queen sized bed.
And I'd add to the dog weight 50 lbs "adult" weight - just to cover the sneaky ones lying about the age of their dog.
Maybe you can put in your search terms the name of the university, so when they do searches for rentals by such and such university, it will show up. Same for the hospital.
But, I think your ad is amazing!
Have you looked into advertising on the off-campus housing website or facebook pages? Also see what it would take to advertise at the hospitals. You could also reach out to temp nursing agencies about renting short term to traveling nurses.
I had an "in" with the law school at the university next to the building I managed, and ended up rarely having to advertise anywhere else. I loved law students. I heard med students are just as good. They're too busy to party :-)
1 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
Thanks for the tips Sue, I really appreciate it. I just posted a 2 bedroom+den variation and I'll see how that goes. I do have some variations of the ad on CL where I list the Univ in the headline or that it's close to the hospital (darn CL you have to have a bunch of ads in circulation!). I rotate between fenced yard, newly renovated, university and hospital to keep the ads looking fresh.
It's not really in a university area per se, though I would love to have law, medical students! They stay 3-4 years, study and go! I've thought about putting up flyers at the hospital, so I'll pursue that and I'll look at Facebook pages.
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Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:

Thanks for the tips Sue, I really appreciate it. I just posted a 2 bedroom+den variation and I'll see how that goes. I do have some variations of the ad on CL where I list the Univ in the headline or that it's close to the hospital (darn CL you have to have a bunch of ads in circulation!). I rotate between fenced yard, newly renovated, university and hospital to keep the ads looking fresh.
It's not really in a university area per se, though I would love to have law, medical students! They stay 3-4 years, study and go! I've thought about putting up flyers at the hospital, so I'll pursue that and I'll look at Facebook pages.
Yes, they're great tenants. Especially if you can get them in their first year. Good luck!
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Percy N.
Developer · Philadelphia, PA · Member since 2015 · 2k+ posts · 905 votes
10y
Lacey S. In addition to the great input you received, when are you scheduling the showings? In my area I schedule 3-4 showings from noon to 1pm and don't mind if they overlap since it creates a sense of scarcity and urgency. My last rental I had 2 applicants fighting over it since they saw it at almost the same time. You get to do a background check and pick the best tenant. I would try this for a month as long as your rent is competitive.
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Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
@Percy N. thanks for the suggestion. I'm scheduling showings in the evenings and on weekends, 15 minutes apart. I can't do them during the day because I'm at work but this hasn't seemed to be a problem. I also tried an open house last weekend, only 1 person came.
I got an application from one showing last night but I'm not sure I should accept them, they seemed like nice kids but the asked if they can paint, build a fire pit in the backyard, have a pet bird and so on....I will see what the application says but it doesn't look good.
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Wes Brand
Investor · San Francisco, CA · Member since 2016 · 314 posts · 153 votes
10y
I've had pet birds. They can be noisy, but if it's a caged bird it'll be easier on the property than a dog or cat. If it's a free roaming bird...they poop when they want to poop, but don't typically cause much damage. Unless it's smart and bored.
If you don't have a reason to avoid birds I'd be inclined to allow them as pets. Not sure on the other stuff. A fire pit and painting -- you'll want to check with your insurance on a fire pit. Painting I'd say something to the effect of 'sure you can paint the interior whatever color you like but it needs to be restored to the original color and quality before you move out'. Then if they don't repaint to the original their security deposit pays for the restoration. You'll want to reword that to be legal.
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JD MartinBusiness Member
Moderator
Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
10y
Do you have a link to the house? It might be helpful to see some pictures.
My experience: people who are looking for rental houses know every house that's out there right now. They will know if your house is a good deal before they ever show up, and they will also know that you have been dropping your price. That's why I feel being priced right is important from the very start. Personally, without knowing Carrboro well, I would think that $1350 on a street with Section 8 apartment housing that you consider C+ is quite high.
Bottom line when you are renting something out, and there is a market (i.e., people show up to look at your listing): you are overpriced for the neighborhood/house amenities/layout of the house/ some other issue. Your local market will always correct your assumptions given enough time. If you have no experience in renting out houses, I think it's best to start at the middle to low end of what you think something in that niche should rent for - and if you can't make money at that point, you probably bought wrong.
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Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:
@Percy N. thanks for the suggestion. I'm scheduling showings in the evenings and on weekends, 15 minutes apart. I can't do them during the day because I'm at work but this hasn't seemed to be a problem. I also tried an open house last weekend, only 1 person came.
I got an application from one showing last night but I'm not sure I should accept them, they seemed like nice kids but the asked if they can paint, build a fire pit in the backyard, have a pet bird and so on....I will see what the application says but it doesn't look good.
Isn't that funny. You put specific info in the ad about dogs and cats and.....what about a bird? LOL.
They might not be a horrible choice. For the bird, I'd say yes, as long as it's caged or on someone's shoulder and under control when it's not in the cage - and put it in writing. And take a deposit and pet fee, just in case, in line with what's in your ad.
As for the fire pit, I'm envisioning lots of pot and a drumming circle LOL. But, you can just tell them they can have an outside grill, but no fire pit. With students I always told them that I'll kick them out for noise, so go party somewhere else and let them clean the mess up in the morning, instead of you.
What you could do is just start them on month to month, too.
The good news about tenants who ask if they can paint, is that they intend to stick around and make it home. I told them that they can't paint, but they can put up lots of big colorful art, as long as they patch any holes when they move out, basically. A bad paint job can be an expensive pain to fix.
So, they might work out. Am curious to hear what the applications looked like.
0 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
@Account Closed the house is not actually in Carrboro - there the price would be higher! But I take your point. :-) More than specific price advice, I was wondering if 2 weeks with no renter after a lot of shows could be "normal" or could be "too high of a price." It could be that in my market it's normal to take 3-4 weeks to rent a place even at an acceptable price.
Thanks everyone for the tips and advice, I will keep trying. I will be out of town this weekend, so I will think about dropping to $1195 maybe mid to end of next week, if the "kids" don't work out. I have two more potential showings tonight.
0 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
As an update, I'm still looking for a tenant ("kids" flaked out). I had a few more showings at the $1250 price point last weekend but no one moved forward to an application. I think the block is turning people off but there's not much I can do about that (frankly I've personally lived way sketchier places so I'm surprised!)
Yesterday, I dropped the price to $1195 as suggested by @Chris Eaker and I have 4 showings lined up for tonight. I am worried the lower price point will attract more section 8 inquires (I've had a few already) but we'll see. Wish me luck!
One other question I have, do y'all follow up with everyone you show to and send an application? Or only those that asked? I had been only sending it to those who asked (using an online application, so no print outs) but last weekend I decided to send it to everyone who came and looked.
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Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:

As an update, I'm still looking for a tenant ("kids" flaked out). I had a few more showings at the $1250 price point last weekend but no one moved forward to an application. I think the block is turning people off but there's not much I can do about that (frankly I've personally lived way sketchier places so I'm surprised!)
Yesterday, I dropped the price to $1195 as suggested by @Chris Eaker and I have 4 showings lined up for tonight. I am worried the lower price point will attract more section 8 inquires (I've had a few already) but we'll see. Wish me luck!
One other question I have, do y'all follow up with everyone you show to and send an application? Or only those that asked? I had been only sending it to those who asked (using an online application, so no print outs) but last weekend I decided to send it to everyone who came and looked.
I only gave applications to those that asked. I found I was wasting paper and ink otherwise.
Something seems weird that you haven't had good applicants yet. What is it about the block? Can you add something tenants would want? Washer/dryer maybe?
Are you doing or saying anything that turns applicants away? Really restrictive rules? Not enough parking? Too many inspections? Something's off.
0 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
Thanks @Account Closed. I have wondered it there was something about my behavior. It might be that I'm 30 and own the house? Several people have expressed shock/surprise when they meet me there and asked if I owned the house, at first I was honest but now sometimes I tell them my parents own it. The age issue will eventually take care of itself :-)
Usually, I greet them and tell them to take a look around and ask me if they have any questions. After they look around a bit I will come to them and ask again if any questions, point out the laundry, etc. I have loosened up our requirements also since we haven't found anything (ie we were asking 650 credit, now just saying "no overdue accounts or evictions"), we're allowing dogs/cats with smaller fees than others in the area.
I think some issue is the neighborhood isn't as nice as the house. The house is almost fully renovated, so the pictures look amazing online, so I'm attracting lots of younger couples or graduate students who come with their moms. The street in one direction is nice, lots of little houses built in the 1960s and all the surrounding blocks are decent/nice but my house is right next to 5-6 small apartment buildings that are 12-18 units. My house is on the corner, and there are 2 apartment buildings on the opposite side of the street and one that is next door and goes up the cross street (ie forms and L with my house). The apartments don't look run-down but they are also not the greatest.
I already have a washer/dryer but I think I am going to have the alarm system reconnected and pay for it for the tenant. I called ADT last night and it's $49/mo and there is already a new system at the house. Do you think an alarm will help?
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Colleen F.Pro Member
Investor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
10y
Some people do not want to live next to apartments so you may need to start by are you familiar with the location. This gets rid of showing where they would not like the area anyway. I have one house where I always suggest a drive by because it has an odd location.
For the alarm it implies the neighborhood needs one to me when you say you will pay for it so I would not pay for it. However should someone specifically ask- you could say it has an alarm and we will offer a special move in and for turn on and 1st 3 months of the alarm paid- something like that. It is not my usual area though maybe someone who normally uses alarms will comment.
1 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
Thank you Colleen. I do ask people if they are familiar with the area but I don't tell them to drive by first (they always say yes! then complain later :-)), maybe I should suggest this in the future because they really need to see the exact street, as the surrounding streets are nice.
0 Reply
Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Your rental sounds just like the one my daughter had. Great little house with huge yard, separate garage/shop - just a block from a really expensive, desirable neighborhood - but - surrounded by not-so-great apartment buildings.
What worked for my daughter, was allowing dogs - which is rare where that property is. But, you don't have that working for you, unfortunately, as it sounds like allowing pets is common.
Do other rentals allow large breeds? I have a friend in the SF Bay Area with a duplex in an okay, but not great neighborhood, and they advertised that they'd allow large breeds - but not restricted breeds. They were able to get a better selection of good applicants, but people who had labs or greyhounds, etc.
Otherwise, it's got to be the price. They must have better options out there for the price.
I'd lower the price, instead of my criteria, if you can afford to do that. And really look at what they can get for their money out there. Your competition is winning, so you need to change something.
0 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
thanks for advice Sue. I think I'm getting closer with the recent price drop the people who have come seem more interested, I'm going to stay at 1195 until next weekend and see what happens. I'm allowing dogs up to 60lbs but would consider even larger, that's a good suggestion. I'm not advertising that big dogs are welcome. Thankfully I can afford the house to be vacant a while.
1 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
I am happy to say that the house is rented for August 1st at 1225/mo (1195 base + 30 pet)! The deposit is in the bank and the lease is signed! That is over the estimate I used when evaluating the property before purchase, so good news!
Thank you all for your advice/feedback, especially @Account Closed!
2 Reply
Jeff G.
Investor · West Bend, WI · Member since 2014 · 214 posts · 149 votes
10y
Congrats Sue. First one down... now on to searching for #2!!
0 Reply
Account Closed
San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
10y
Originally posted by @Lacey S.:

I am happy to say that the house is rented for August 1st at 1225/mo (1195 base + 30 pet)! The deposit is in the bank and the lease is signed! That is over the estimate I used when evaluating the property before purchase, so good news!
Thank you all for your advice/feedback, especially @Account Closed!
Wahooooooo!!!!!!!! Break out the bubbly! LOL. So, details please! Did they bite because you added the big dogs on approval info? Just wondering what worked - or if it was just a matter of waiting a little longer?
1 Reply
Lacey S.
OP
Durham, NC · Member since 2015 · 48 posts · 18 votes
10y
I think it was just waiting longer mostly, I'm sure the price drop to 1195 was also a factor. I did allow them to have 3 pets which probably also had an impact (2 cats + 1 smaller dog). It's good to know that what "normal" is for this house, hopefully these tenants will stay a while!
There was some celebration sushi!
1 Reply

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