Rental property not renting

[Nikhil Garg]

Hello, I purchased a rental property in Jacksonville (32209) and hired a PM agency for tenant placement. The property has been on the market for 5 weeks now. Apparently a few people have applied but no one has met the credit/background tests of the agency. They think that it is priced well (since people are applying) but still reduced the price a bit on my insistence. But they think we just need to be patient since finding quality tenant is harder in 32209. 

What should I do in this scenario?

[John Underwood]

Lower your criteria raise the deposit.