Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

13
Posts
1
Votes
James Scott
  • Grand Rapids, MI
1
Votes |
13
Posts

Trouble renting house

James Scott
  • Grand Rapids, MI
Posted

Hello Everyone,

I have my personal house up for rent right now. I know I started at the high end $1900, to see what offers it would attract. I realized quickly that was a bad move and dropped the price to $1645. I used rentometer to gauge my price range, as there are not a ton of homes that are this sqft and as nice of quality to compare to right now. When I look deeper most of the 3 beds around $1600’s have 2 baths and mine only has one.

I read some people practice to go 5% below market when pricing which I was at, but rentometer dropped a bit lower. Is there a way good way to keep lowering asking rent without looking desperate and salvage this, while getting a good tenant in? I know it was a big drop already in the beginning. Any thoughts are appreciated.

Link to listing if anyone would like to look it over.

https://grandrapids.craigslist.org/roo/6970825146.html

Thank you,

James

Loading replies...