Rental Sitting 14 Days With No Lease Signed — What’s The Best Next Step?

[Nadir M.]

I have a rental property on the market for 14 days. There have been multiple showings and walk-throughs, but no signed lease yet. I’m bringing in plenty of potential tenants, but none are committing. Besides reducing rent, what’s the single best thing I can do to increase interest and secure a tenant quickly? Any “wow” suggestions or strategies that have worked well for you?

[Caleb Brown]

Quote from @Nadir M.:

Honestly, the current tenants are still living in the home. During the last open house, the property was clean, smelled great, and showed very well. One applicant mentioned that the proposed move-in date didn’t work for their timeline. I did list the property 50 days ahead of the lease expiration, which has historically helped attract strong applicants that were being proactive! I would have typically 3-4 showing scheduled for each open house. 

I think the property being 50 days away from being able to move in will hinder you. Most applicants need to move in sub 30 days so I would hold tight. I am surprised your current tenant isn't weirded out by the open houses and potential tenants.