The rental market is getting worse and worse and worse. For the last few years, and we’ve all talked the incoming tenants have been terrible. But now I’m not even getting inquiries anymore. There’s no rentals on the market hardly here locally and I have nobody even contacting. It’s so strange. Not even young folks looking to move out of their parents house. It’s like we’re raising a generation of basement dwellers. --174.240.xxx.xx

Regular LTRs, even studios: no inquiries. --198.54.xxx.xxx

Same here, NE. I have been trying to figure out if it was me, my processes, or my house. --73.108.xxx.xxx

There have been several new apartments being built here. They keep talking about no affordable housing and yet nobody seems to be looking. --73.108.xxx.xxx

--73.108.xxx.xxx

NE, you are where I was this spring and summer. I had my best looking apt, a 2 Br w garage and driveway for 2 cars w W&D hookup, New windows floors and stainless appliances including dw listed for 1,100. No interest even though it is lower than other listings. Had another larger 2 Br in less desirable area w shared parking and W&D included for 985 come available in Sept. People are all over that one. They don't qualify but they are pinging me. I lowered the nicer unit to 1,000 and started getting interest. Really puzzles me that prospects are so price sensitive that even now the $15 spread is a deterrent. Had one tell me that there is nothing out there that is comparable to what I have. Unfortunately the 2 best applicants have racked up debt. One w 13k the other w 38k and their take home pay is 3500 month. --172.59.xxx.xxx

All the people in the RED areas said "oh it's something you're doing incorrectly." Um, no. The tenant pool is abysmal due to the Sc@mdemic emboldening them to think housing is a human right. That and Bi-dung/Kameleonflation. The BLUE areas are particularly bad and it's catching up to the RED areas now... "tenant protection" ™ legislation will be sure to follow. --64.246.xxx.xx

Possibly got spoiled during the scam and now can't manage money and are racking up debt. --73.108.xxx.xxx

Well, it’s alot of things I think. The banks are back to financing anyone who can fog a mirror on with higher interest rates on houses that are up 25%+. That took a huge chunk of applicants away. I’m really really on the fence of listing a bunch for sale. But then what do you do? --24.152.xxx.xx

But with price of materials so high, ditto insurance, combined with bad Tenant pool, the really crappy places are not so attractive for us anymore. --198.54.xxx.xxx

Sales are dropping noticeably yet. Very few price drop alerts sent to my emails. For those I assume they started super high to begin with. --24.152.xxx.xx

The W/D are attractive to some as they don't want to pay for them or take care of them when there is a problem. Only had luck finding two tenants who had their own in 45+ years as a LL. Not that I was specifically looking for tenants with a W/D. Was more concerned with getting the best qualified. --75.11.xx.xx

I think there's going to be a reversal in prices nationwide. The places that had the huge price run-ups will suffer the most. I think those newbies who jumped on the train recently are going to be in for a world of hurt. These guys are highly leveraged and cannot afford rent concessions and long vacancies. They'll be selling and you want to sell before they figure out what's up --172.56.xxx.xx

Talk about bad decisions. I gave her a life line and she failed... --45.32.xx.xxx

I have no interest in giving unqualified tenants any lifelines. EVER. Why would you get so involved like that? --24.152.xxx.xx

Agreed, NE, I also think it is a combination of many things. --73.108.xxx.xxx

Quality applicants aren’t seeing your ads. --149.76.xxx.x

Sisco, please explain. --73.108.xxx.xxx

Well, I don’t know where they’re looking then. I’m advertised everywhere I can advertise except the local Print shop penny saver. --24.152.xxx.xx

Scammers and ineffective policies have damaged the independent landlord’s ability to effectively advertise on popular web platforms. NE mentioned that few listings are posted….it has failed both tenants and landlords. --149.76.xxx.x

I think property management companies are an option in more urban areas. We are quite rural and do not have any property management companies around here. And realtors only bring trash. So I’m kind of stuck. --24.152.xxx.xx

Am I misunderstanding? --73.108.xxx.xxx

6x6, if you find a good syndication platform that will host your rentals, that will push it out to many different site. No real reason for a personalized website. I’ve only been called out once for not having a real website. Want to guess why and by who? Some deadbeat I denied who couldn’t find my website. Saw all the info, Went to the physical property and viewed it. Submitted an app. Got denied and then called me a scam because no website and wouldn’t talk to them on the phone. Only one out of hundreds and hundreds of applicants. --24.152.xxx.xx

I actually have a very basic website but not sure how to get it easy to find. --73.108.xxx.xxx

Ya, I think price cut, price cut, price cut is the name of the game right now. --24.152.xxx.xx

Only the local people who are desperate, or are completely unmotivated use such platforms because they know who owns what in their market and can avoid the scammers. --149.76.xxx.x

I am going to try painting the paneling walls and see if that helps. Which, of course means I am just pumping more money into it. --73.108.xxx.xxx

Where do you think good quality applicants are going? My guess? They’re going to buy houses. Banks care about credit and income. They don’t have the extra parameters that we do. Banks don’t care about criminal history, evictions and LL references. --24.152.xxx.xx

Very good point about the requirements. --73.108.xxx.xxx

Either they will be moved to another location or be fired….they are apprehensive about buying a house while in such a precarious situation. --149.76.xxx.x

So were are you advertising Sisco? Direct marketing to corporations locally is not possible either. I’ve tried that. --174.240.xxx.xxx

I’m in the same vulnerable situation as you NE. Although It seems that Z is still viable here, but as I have thought about your situation, I know that I need to get my y outubb e videos going again and learn more effective SEO techniques. --149.76.xxx.x

What’s an SEO? --174.240.xxx.xxx

NE,maybe you should try that pennysaver ad, might just pull in an older crowd not very sopfisticated with technology --165.227.xxx.xx

It's how you get your website to appear on the first page of a google search. --72.218.xx.xxx

DJ, do you know how to do that? --73.108.xxx.xxx

Sisco, through buildium zillow is the primary driver of traffic and prospects don't interact with me in a cautious way thinking I'm scamming them. Can you be more specific about that? --172.56.xxx.xxx

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--184.4.xx.xx

I do not get the phone calls and texts like I used to, so it will be interesting to see what happens. --185.141.xxx.xx

You can not only put yourself on it, you can check prospects to see if they are on it; it's one of my screening tools. --75.11.xx.xx

Best of luck and hope it works out. --73.93.xx.xx

I wonder how many people are just hunkering down waiting for the election? It seems that way with some businesses, so i wonder if that crosses over to the tenants --24.101.xxx.xxx

You guys lost me on the SEO stuff. I’m not a computer scientist nor do I have enough units to justify hiring someone to do that. Zillow and slow filled vacancies it is. --24.152.xxx.xx

Thank you, Salernitana. I am like, or maybe worse, than NE when it comes to computer stuff. How do you find and get to the SEO? --73.108.xxx.xxx

Your goal is to include hashtags that prospective tenants would use when they look for rental properties. You got this. Best of luck. --73.93.xx.xx

Thank you, Salernitana. I got a little lost with the hashtag --73.108.xxx.xxx