Haven't been able to rent my property, which is in a college neighborhood. It's a 3-bed, 2-bath, 2000 sqft. I first priced it at $3400, dropped it to $3200, but still haven't gotten any hits. Would you suggest i further drop it down to $3000 or should I wait longer? It's been almost a month since it's been up, but I haven't gotten a single tour request or message. It's off because I rented it out at $3000 last time and got close to 27 messages about it. What could be going on?

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I would say wait at 3200 for at least two more weeks. Unless you're fine with renting it out at the same price as it was earlier. Which is fine, but you probably want to wait and see if you can make that extra 200 every month.

How long has it been vacant? How many other rentals are available in the neighborhood?

I live in a college neighborhood and there’s always tons of vacancy in june and July, but come late August, everything is rented.

SPM1 is right. Wait until September to drop price. Try and Airbnb it to make up some cost in the short term.

It probably costs more money to furnish and equip the property for short term rental use than he’d make back, especially for only 6 to 8 weeks. Then he’d have to get rid of all the furniture for the college kids… doesn’t seem worth it

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