General Landlording & Rental Properties

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James Scott
  • Grand Rapids, MI
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Trouble renting house

James Scott
  • Grand Rapids, MI
Posted Sep 18 2019, 15:52

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

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