I have a brand new house in Edmonds, Ok that I have been trying to lease or rent out for almost a year now. I have a property management company that has been working on it for some time now, but no results. I have tried running several ads, and every time I get responses, but no hooks. What could be the problem?
First of all it is Edmond not Edmonds.
Which part of Edmond?
Lovely suburb of Oklahoma City. Two Universities in town, is it priced for students or are you looking for professionals, think at this point of listing with a Realtor who can market to the OU Health Sciences Center.
Edmond has great schools, and you should be more successful at this point.
I would list with a Realtor. I am an agent here in Michigan and have taken several lease listings from “management companies” after them holding for a year or so. Most of the listings that I have taken have leased within 30 days. The problem with these management companies is that they rely on themselves to find the tenant while ignoring the rest of the world. Most recently my Brother moved to Germany. The company that he works for has an inhouse management co that tried to lease the house. They made promises and even lied about showings that never happened. They had it listed for 7 months with NO showings. He finally told his company that he was not going to use their services and contracted me. It took two weeks for me to get someone in there. If you are going it alone that’s a rough road. Let a professional take over. It’s worth the small amount it will cost you.