New Investor Seeking Assistance in Renting Strategy

[Andrew Casanova]

Hello Everyone,

My fiancee and I recently got into real estate and plan to stay in it long term and continue to scale. We understand that everything is a process, and step by step we’ll get to where we want to be.

We recently purchased a duplex in the Manayunk area of Philadelphia. We’re currently living in the 1-bedroom, 1-bath unit and are trying to rent out the 2-bedroom, 1-bath unit. We have it listed on Zillow, Facebook, and Nextdoor, and we also have signs out front.

We’ve had a couple of strong contenders, but for one reason or another, they unfortunately didn’t work out. We’ve tried to keep the rent competitive with the average in our area, while still pricing it at a level that makes sense for us as owners.

My fiancee is also a real estate agent, but she recently put her license on hold as she’s pursuing a career path that should help us reach our financial goals faster.

Before using a real estate agent or a property management company, does anyone have any tips or tricks for getting more exposure on the property?

The property is, 323 Fountain St Philadelphia, PA 19128

[Drew Sygit]

Replace the pic of the front entryway with the clutter.

No cental a/C? What about the competition?

No pets is also probably hurting you.

Otherwise, lower price 5% every 3-4 weeks until activity picks up.

FYI - Nov-Feb is worst time of year for real estate due to Holiday Effect.