Can't Find Tenants For Property

Can't Find Tenants For Property

Real Estate Investor · Columbus, OH · Member since 2008 · 6 posts · 0 votes

I'm upside down on a property (two family) in Ada, OH.  I used to get tenants going to the university there (Ohio Northern) but that

has dried up.  Good local tenants are really hard to come by.  I've tried to sell it (open to creative) but no luck.  I'm losing my

arse on this property, it's empty.  I have run some specials lately, with some activity, but no takers.  It probably could use some

updates but it seems like the town is dying so not sure if it's worth it.  It's already a money pit.  Please help, I'm drowning. 

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  • Investor · Richmond, VA · Member since 2016 · 1k+ posts · 2k+ votes
    9y

    @Steve Williams,

    Can you provide a link to the ad?    

  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    9y

    What feedback are you getting from the people who's inquired about it?  Have you compared your rents/terms/amenities to others in the same area?

    As far as selling, that really comes down to price.  Condition does play a factor, but that can be mitigated with price if you're unwilling or unable to fix it up.

  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    Where are you advertising? Have you listed it with a PM that may be able to bring tenants?

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