No, don't sit back! Check other ads in Zillow and elsewhere, call them and ask how much they are charging, look at pics of other rentals, try advertising other ways/places, offer referral bonus to other existing tenants, etc.

If you're above market, may explain it...unless it is an "A" property tenants won't pay for "A++ condition".

You always need to be aware of your market. If you are in-fact a little over market then you need to reconsider your reasoning, it often costs you money to try and squeeze out a few extra dollars in rent.

Lets say the place rents for $2000 per month and you are about $200 above market so asking $2200. It will take you longer to rent the place, lets say 6 weeks rather than 1 week at the lower amount. At the end of 1 year you have collected 10.5 months of $2200 or $23,100 for the year. At the market rent you collected 11.75 months of $2000 rent or $23,500.

When the market is tighter, such as during winter, the vacancy may be even longer making the difference even higher. It's also been my experience that when you are above market rent you will have turnovers more frequently than when you are at market rent. Those cost significant $ as well.

If condition is awesome, but the location isn't so nice - it will be hard to fill. Only you will know this.

I find when I think the market is talking to me, that I should listen. If the market says you are over priced - waiting isn't normally a viable answer.

If I want $3,000 for a place that rents for $1,000 around here, I'll be waiting a long time before I hit that desired number. You might be off by 10% or more and in a softening market - that might be months of lost rent just to get that extra $100. Retaining that customer is where you make the money.

We have the same situation here along

the Jersey Shore.

Not listed with a Broker. I did call the Broker of our local competition, pretty similar in price,, which I have followed

when they were up for rent over the past years, and they always listed with an agency. Called the broker and had a long talk.

My strategy has been to price as high as I think I can, then go a smidge higher, but stay equal to or under the next guy - as the next guys are all OVER-priced in my opinion!

Its better to get great repectable people with good situations at narket rent than &@%$ with a higher rent.

I prefer steady calm rent paid on 1st so i can get on with my life.

Ive had singles i passed by forgetting i owned them while others called everyday with personal financial or life problems.

Apartments always have specials. $500 deposit. Or 250 off the 12th month.

Change terms to if paid on the 1st rent is 1950.

Paid after the 1st rent is 2100.

Lower deposit few hundred dollars.

Or allow payments of

100 towards deposit during the first year.

Its winter.

Maybe people are waiting for income tax returns.

I usually have my rent at market rate since i want people to easily pay rent since they have a myriad of other responsibilities and i dont want my rent to be a major factor.

I want solid SANE, COLLECTIBLE people... dont hate me but i like small families.

Tiny or no pets.

Ive had people pay rent biweekly too.

Its better to get great repectable people with good situations at narket rent than &@%$ with a higher rent.

I prefer steady calm rent paid on 1st so i can get on with my life.

Ive had singles i passed by forgetting i owned them while others called everyday with personal financial or life problems.

Apartments always have specials. $500 deposit. Or 250 off the 12th month.

Change terms to if paid on the 1st rent is 1950.

Paid after the 1st rent is 2100.

Lower deposit few hundred dollars.

Or allow payments of

100 towards deposit during the first year.

Its winter.

Maybe people are waiting for income tax returns.

I usually have my rent at market rate since i want people to easily pay rent since they have a myriad of other responsibilities and i dont want my rent to be a major factor.

I want solid SANE, COLLECTIBLE people... dont hate me but i like small families.

Tiny or no pets.

Ive had people pay rent biweekly too.

Its better to get great repectable people with good situations at narket rent than &@%$ with a higher rent.

I prefer steady calm rent paid on 1st so i can get on with my life.

Ive had singles i passed by forgetting i owned them while others called everyday with personal financial or life problems.

Apartments always have specials. $500 deposit. Or 250 off the 12th month.

Change terms to if paid on the 1st rent is 1950.

Paid after the 1st rent is 2100.

Lower deposit few hundred dollars.

Or allow payments of

100 towards deposit during the first year.

Its winter.

Maybe people are waiting for income tax returns.

I usually have my rent at market rate since i want people to easily pay rent since they have a myriad of other responsibilities and i dont want my rent to be a major factor.

I want solid SANE, COLLECTIBLE people... dont hate me but i like small families.

Tiny or no pets.

Ive had people pay rent biweekly too.

Never ever discount deposits-- it's your safety net for them doing what they are suppose to do.

example: your are trying to get 2200. your 100 more than others.

If you take a month to rent it-- you just lost 2200.00. If you rent it for 2100.00 it goes in a flash and all you've lost is 1200.00 for the year. So jack up the rent year 2 the extra 100.

I am experiencing the same thing here in Central Florida. I listed my rental property a couple of weeks ago on Zillow, FB Marketplace, and TurboTenant. I have gotten several non-viable "bites." Only one person who would have qualified looked at it, but he never returned the application.