Updated over 6 years ago on . Most recent reply
Rentals - when do you make a price adjustment
Hey BP Community, general question for you about price adjustments on leases. I've got a duplex that's been listed for around 2 weeks, it's received some interest but not a ton (maybe 20 inquires, 3 showings, and 2 no-shows to showings), none of which has resulted in an application being filled out and returned although all 3 showings acted like they were very interested. I know it's a slower time of the year, but I still expected to at least have had one or two applicants to consider by this time. How long do you let an empty property sit before you lower the price in order to find a tenant? This property is in Tulsa, Oklahoma btw (I know all areas differ, just looking for general advice).