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Updated over 4 years ago on . Most recent reply

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Kavi Perumal
  • New to Real Estate
  • Austin, TX
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First time renting- No leads for the rental ad

Kavi Perumal
  • New to Real Estate
  • Austin, TX
Posted

I am a first time investor in the rental property. We brought a new house in Hutto, TX and listed for rent according to the market trend. We posted it in all the sites- Zillow, trulia, apartments.com,zumper, syndication sites etc. but couldn't elucidate any interest. I get one call, may be once in two weeks but they also have poor credit history. I know that winter months are slowest months to rent. I am thinking of upgrading my zumper account to pro so that my ad would get into FB marketplace. Is that a good idea? Is there anything else I should do?Please help.
 

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Julie Hartman
  • Property Manager
  • Denver, CO
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667
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Julie Hartman
  • Property Manager
  • Denver, CO
Replied

I can't comment on your price because I am not familiar with your market but I wouldn't drop it yet if it puts you in a negative cash flow situation. When we get a stale listing, we sometimes try to sweeten the pot by advertising that we'll waive the app fee or we'll cover 2 months of cable/internet or something instead. Have you scouted the inventory in the area? Maybe there are many other properties available around you. We don't use FB marketplace but instead use Zillow + syndicates as well as Craigslist and we've always had good luck with those. We have a very active market in Denver though so we've not been in too many of these situations. Good luck! 

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