4 bed apartment sits vacant for the 5th Month

[Scarlett Tao]

Hi everyone. I’m eager to find some help and support here. I have a 9 unit multi family rental property in lower Queen Anne, close to Space Needle. 100 year old building, but all the units are recently updated. There’s this 4b2b unit, been sitting in the market for 5 months!!! Rent is lowered to $1925, with one month concession. 
The apartment is 900sqf. All the bedrooms are small. One bedroom does not even have a closet and can still fit in a twin/queen bed. And it’s a ground floor unit, sharing washer/dryer with another 1b1b unit. 
It’s not a luxury apartment, but the floor and kitchen is new, and fresh paint. I don’t understand why it’s still vacant.

Today I talked to my management team. They said there were 4 applications. But one canceled at the last minute and the other three are just not qualify. The requirements are 3 times income and credit higher than 650.

[Jim S.]

If it's has sat for 5 months you are doing something extremely wrong. 4b2b and only 900 sq. ft? Way too small for most. Condition??? Price for your area & size? Credit over 650? Sounds like you are asking for a top quality tenant but your not providing top quality housing. I apologize if I am wrong.