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Updated over 1 year ago on . Most recent reply

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Benoit Lalande
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House in Austin not renting?

Benoit Lalande
Posted

I just stumbled upon this house in Austin (B+ neighborhood). I was going through the price history and it looks like the owner tried to rent out the property between November and January, lowering the price each month until they finally decided to put it up for sale. The house looks great as you'll see. Freshly renovated and the rent price they were asking by the end ($2150) seemed fair. I know they listed it for rent during the slow months of the holiday season but still, is that really why it wasn't being rented? Do you feel like anything else can explain this vacancy? Not my property, I'm just curious.

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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Benoit Lalande:

I just stumbled upon this house in Austin (B+ neighborhood). I was going through the price history and it looks like the owner tried to rent out the property between November and January, lowering the price each month until they finally decided to put it up for sale. The house looks great as you'll see. Freshly renovated and the rent price they were asking by the end ($2150) seemed fair. I know they listed it for rent during the slow months of the holiday season but still, is that really why it wasn't being rented? Do you feel like anything else can explain this vacancy? Not my property, I'm just curious.


 Looks like a solid property in a decent area - I would think that at first glance (just guessing) is that the 3 bedroom 1 bath is the problem - thats potentially a lot of people sharing just one bathroom - renters for 3BR homes are probably going to always go with more bathroom options

  • Robin Simon
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