I pulled the trigger to buy a new construction for rental property, but it’s been sitting on the market for over 60 days without being rented. Already dropped price three times. The issue is after I closed the house, a large corporate landlord bought 50+ properties within one mile radius of my rental and released the rentals all at once. What do you suggest me do to rent it out? I guess it’s not worth to sell now.
Talk to contractors or healthcare personnel. Even talk to small local business if they know someone needing housing or if can post in there bulletin board. Don’t know in what town and area you’re at but look for workers coming in to your town, sometimes they’re looking for short term rental. Example: go by some hotels parking lots see if contractor trucks or job site, call their number or talk to them in person after hrs or a fast give them a flyer.
3 price drops on a rental?!?? I never heard of such a thing. You must've way overpriced the house. Did you run a market rate analysis in your area before initially pricing the rental? I'm guessing the due diligence on the purchase of the rental was also flawed. You might have to offer incentives just to get someone in there.
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video starts 10:00
Bro spends 40 min to show 5 min of an online calculator😂
I SHOULD HAVE READ THE COMMENTS
I pulled the trigger to buy a new construction for rental property, but it’s been sitting on the market for over 60 days without being rented. Already dropped price three times. The issue is after I closed the house, a large corporate landlord bought 50+ properties within one mile radius of my rental and released the rentals all at once. What do you suggest me do to rent it out? I guess it’s not worth to sell now.
Short- mid term rental until things stabilize would be my idea, you aren’t making any money but are paying to upkeep it, a losing scenario
Talk to contractors or healthcare personnel. Even talk to small local business if they know someone needing housing or if can post in there bulletin board. Don’t know in what town and area you’re at but look for workers coming in to your town, sometimes they’re looking for short term rental. Example: go by some hotels parking lots see if contractor trucks or job site, call their number or talk to them in person after hrs or a fast give them a flyer.
U should have done turn key for rentals to late
3 price drops on a rental?!?? I never heard of such a thing. You must've way overpriced the house. Did you run a market rate analysis in your area before initially pricing the rental? I'm guessing the due diligence on the purchase of the rental was also flawed.
You might have to offer incentives just to get someone in there.
@@JC-qu7iwthat's my thought, his due diligence fell far short.. You must but right, you cannot afford to skimp on that process.
Can you do an analysis for homes in California or Los Angeles
I want to SEE the tools in action
What about calculating rent for STRs?
Went to your website to see what your site would have my properties priced at for rent and it’s WAY off base. Kinda made me laugh for a minute.
way off base higher or way off base lower? and what area/location we talking
I’ve noticed they give conservative rent prices. I’ve found rentometer gives a more accurate estimate
Wow this is just an advertisement
this is their new direction......
how do we know that we are not giving you the lead when we search it on your site?