The house is in very good condition, so I don’t think that is the issue. [b] I set the rent at a level that I thought would get the house rented quickly.
They are also listing houses for rent in the same community for significantly less than what my house is currently listed at[/b], so feel like they are undercutting me.
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I think the bolded part shows your issue in the current market. People can get a similar product for less, so why would they rent from you.
I honestly don’t have good answers for you. We kept my husbands pre-marriage house as a rental property, first self managed, then with a property manager when we moved to San Diego. (House was in Philly). Our experience was that we had more qualified tenants to choose from if we started at a lower rent than the “going rate”. When we first priced it *at* the market rate the applicants were all somewhat sketchy… dropping the rent brought in more credit worthy, reliable tenants. When we get back into the landlord business we’re going to apply this lesson learned.
