Help, can't find anybody to qualify for this rental.

Help, can't find anybody to qualify for this rental.

Member since 2018 · 76 posts · 23 votes

Need help please.   Could you guys look at this ad and give me any advice that you think of?   Had a good bit of interest, but no one who actually has enough income and credit and job history to qualify. Also, many with too many occupants, I am limiting it to 3 or 4 because of the septic.  But the interest has really slowed down the past week or so.  I think I have it competitively priced.   This is a small town where houses with large lots versus a "neighborhood" with small lots are few and far between.  The few "comps" on zillow are in such neighborhoods, which have high rental turnover rate and aren't near as desirable as my area.   I thought of deactivating it for a few days and then reactivating.   Also thought of dropping the rate.   I don't really see where else I could advertise it in this area.  As far as I know, everyone in this area uses Zillow.  Should I include my number in the ad instead of prequalifying them through the rental profile?   Not sure how that would help, but any advice is greatly appreciated!  By the way, just noticed that the days on Zillow reset after I added some pictures last night.  Guess that is a good thing?  It had been on there for about 50 days.  

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  • Member since 2018 · 1k+ posts · 1k+ votes
    1y

    Do an internet search and get a rough idea of what the income and family profiles are for your immediate neighborhood.

    Do an internet search and get a rough idea of how big the rental market is in your immediate neighborhood.
    .        
    Do an internet search and see what other landlords are advertising as criteria in your immediate neighborhood.       

    Do not compromise on the credit score and income levels you need to make it work.

  • Melanie ThomasBusiness Member
    Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 489 votes
    10mo

    I’d recommend working with a local property management company that offers a Leasing Only service. They’ll handle all the heavy lifting for you, marketing the property across multiple platforms, screening applicants, managing inquiries, and writing a strong lease.

    It’s a great way to get the home rented quickly while still giving you a chance to learn the process firsthand. Ask lots of questions along the way so you’re prepared to handle it yourself next time if you choose to. Screening is the most important part, and professional PMs already have systems in place to verify income, credit, rental history, and occupancy limits, which can really save you time and stress. Good luck & happy investing!

    RentWerx Property Management4.73295 Reviews
  • Adam BartomeoBusiness Member
    Real Estate Broker · Cape Coral, FL · Member since 2015 · 2k+ posts · 1k+ votes
    10mo

    It sounds like there could be an appeal issue or a pricing issue. If you are getting a good amount of showings then the property photos and description do not match the reality of when they see it.

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