Rental Property Investor · Easton, PA · Member since 2019 · 38 posts · 9 votes
I have a home in Easton PA that I am close to finishing up the rehab, so I am almost ready to rent it out. I would like to know if anyone is having a hard time, due to the crisis, in renting out their homes?
Also, due to these currently events, have you had to lower your original price in rent to be able to get someones attention and rent it out?
Investor · Rockford · Member since 2019 · 46 posts · 46 votes
6y
Listed one yesterday rented today for 75 bucks more a month than I thought I would get. ( Shot high to see) put another listing up today stating it would be ready to show in 2 weeks. Had 4 inquiries. Nothing has changed for us but will say was nervous signing mortgage docs last Wednesday
Investor · Rockford · Member since 2019 · 46 posts · 46 votes
6y
Listed one yesterday rented today for 75 bucks more a month than I thought I would get. ( Shot high to see) put another listing up today stating it would be ready to show in 2 weeks. Had 4 inquiries. Nothing has changed for us but will say was nervous signing mortgage docs last Wednesday
Rental Property Investor · Orlando, FL · Member since 2015 · 353 posts · 269 votes
6y
@Jeffrey De Los Santos I actually got about $175 higher than I thought the area could support by renting to a Brevard County Section 8 tenant. Apparently the housing authority thinks market rent for the zip code is higher than I do! They have tons of applicants looking bc there is a shortage of property owners that will consider it. But I’m going to take a guaranteed 100% paid rental going into this turbulent time 100% of the time.
In my market there is no change in the rental market. Just received an offer on a flip. The sale side is definitely slower then it should be, but people are still looking.
Rental Property Investor · Fayetteville, NC · Member since 2014 · 884 posts · 670 votes
6y
My market doesn't seem to be slowing down on the rental side. We are in a military town, so we are somewhat insulated from everything that is going on.
Rental Property Investor · Concord, GA · Member since 2015 · 3k+ posts · 3k+ votes
6y
I'm going to find out soon as we're doing a turnover and hope to be done in a little over a week from now. I don't anticipate any issues as it's a desirable area with low inventory.
Rental Property Investor · Yonkers, NY · Member since 2019 · 31 posts · 18 votes
6y
@Jeffrey De Los Santos
I’m finding it more difficult to find tenants. I have two properties listed and last few weeks have been so difficult finding applicants. I lowered the price on one of them to get some traction.
Rental Property Investor · Yonkers, NY · Member since 2019 · 31 posts · 18 votes
6y
@Jeffrey De Los Santos I got a little more traction but nobody fully to commit, people are hesitant to go inside a house during this times. I’m pretty sure their are some people right now looking but normally April is supposed to be peak time
Rental Property Investor · Easton, PA · Member since 2019 · 38 posts · 9 votes
6y
@Rafael Martinez yeah I was able yo rent the place out within 1 week. I had no hard time renting it. I even rented it at the price I was looking for and had enough applicants. I guess because I listed it in as many places I could.
Real Estate Agent · NJ · Member since 2019 · 237 posts · 169 votes
6y
@Jeffrey De Los Santos Glad to hear you got the place rented! For those of you still wondering people are still renting. Typically in tougher economic times you actually see a larger surge in rentals rather than people looking to buy a home. It's often viewed as less risky. You're seeing some rent prices go up and others go down but that all depends on your local market.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
6y
I raised the rent from $1600 to $1900 for a vacancy here in Vegas (my first in several years.). It took 2 weeks to get a well qualified tennant. That’s about twice as long as usual, but I really wanted the higher rent.