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Updated 2 months ago on . Most recent reply

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Oladosu Segun
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What do the Expert Recommend for you to get a Tenant in Princeton Tx

Oladosu Segun
Posted

Experts/ Landlords,  Please what is your candid  advice 

Second  investment property for rental  to regular tenant ( or Section 8) 

Brand new single family home built in 2024 in Princeton TX 4bd 3 bathroom with new refrigerator, washer and dryer , i closed on the house last year September, I listed on Zillow before but the response was low , so i took it down . My realtor who closed the house for me as listed it on MLS as at February 21, 2025 , the house has been listed 44days on MLS at $2300/m . Up until this moment no tenant yet . What do you advice or recommendation

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Kyle Mccaw
  • Property Manager
  • Keller, TX
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Kyle Mccaw
  • Property Manager
  • Keller, TX
Replied

@Oladosu Segun

It’s great that you’re being proactive about getting your rental filled. A few key things to consider:

1. Market Timing & Pricing

Princeton, TX, attracts a lot of families, and many prefer to move during the summer to avoid disrupting the school year. If demand is slow, it’s worth re-evaluating the rent price. Look at similar 4-bed homes—are they also sitting vacant? If so, pricing might be a challenge across the market. If others are leasing faster, adjusting your rate or offering incentives might help.

2. Rental Pricing Strategy

Realtors often price homes based on sales comps, but rental pricing is different. A larger home doesn’t always justify a higher rent than a smaller home with a better layout. The real demand drivers are:

  • Extra bedrooms vs. extra square footage (a 4-bed will rent faster than a 3-bed with more space).
  • Functional layouts.
  • Competitive pricing against active listings.

3. Marketing & Listing Visibility

  • MLS Alone Isn’t Enough – Make sure the listing is also on rental-focused platforms like Zillow, Apartments.com, and HotPads. Some MLS systems don't syndicate properly.
  • Professional Photos Matter – Listings with high-quality photos drive more showings. If the images don’t showcase the home well, potential tenants may overlook it.
  • Strong Listing Description – Highlight what makes the home stand out: “New build with washer/dryer, modern finishes, and spacious layout—perfect for families!”

4. Lease Incentives

If the market is slow, offering an incentive can help attract tenants faster:

  • First month discounted or free with a longer lease (e.g., 13+ months).
  • Reduced security deposit if they have strong credit/income.
  • Including lawn care or utilities to make it more appealing.

5. Consider Expert Input

Working with a property manager or rental-focused professional can provide better insight into pricing, marketing, and tenant placement. Reviewing real-time rental data and understanding market trends can make a big difference in filling vacancies efficiently.

If your home has been sitting for 44 days, take a deep dive into pricing, photos, and competition to see where adjustments can be made. Hope this helps!

  • Kyle Mccaw
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McCaw Property Management
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688 Reviews

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