Had a very clean 2/2 single with garage and screen room for rent. Had put new pergo and berber, paint, side by side fridge in unit.
spent 114 for a 10 day ad at 600 per month… Asking for 1 mo rent and 500 dep. I had four serious calls in 10 days.
Re-ran the ad with price of 585 and had 22 calls in four days. Ended up getting first, last and 1/2 of a 500 dep for move in!! The other portion of the dep will be paid next month.
WOW! a fifteen buck discount for a very good tenant. something that I missed was by overpricing the home, even by fifteen bucks per month a lot of quality folks had not called.
This is one of those things that is hard to measure. IE how many folks DIDN’T call. We are going to try and price these homes right from the git from now on.
This is a real learning curve for me! The fifteen bucks I discounted is more than made up for cost of a useless ad and 10 days vacant!
As an aside, we also rented a home available the 16th of this month from this ad. We have 3 vacant in 62 units…we call this full in our market.! Yes!!!