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Phoenix Rising Category: Marketing
Current Grade: A
Total Views: 1207
Member Comments: 3
Posted on: 06/23/2007
Posted by: Phoenix Rising
Blog Points: 1911
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HEY REI-

I HAVE A HOME THAT IS COSTING ME $3,200 PER MONTH THAT HAS BEEN SITTING EMPTY FOR ABOUT ONE MONTH NOW.  AS A LICENSED REALTOR, I DO HAVE THE HOME UP FOR SALE AND RENT ON MLS.  I ALSO HAVE PUT IT ON OUR MAIN NEWSPAPER'S WEBSITE AS WELL AS WWW.BACKPAGE.COM.  PLUS, I AM A REGULAR ON WWW.CRAIGSLIST.COM

ONE BIG CHALLENGE IS THAT I KEEP INDING OUT THAT I MAY HAVE TO MOVE THE RENTAL AMOUNT FURTHER AND FURTHER DOWN.  CRAIGSLIST IS USUALLY ONE OF MY BEST SOURCES FOR RENTERS, BUT I AM NOT HAVING LUCK.  I HAVE A BEAUTIFUL HOME THAT HAS, I'M GUESSING, TWO DOWNFALLS: 1) LOCATION-THIS HOME IS OUT IN THE DESERT FURTHER AWAY FROM TOWN AND 2) IT IS A 3 BEDROOM.  OK, SO YOU MIGHT BE THINKING NO PROBLEM, BUT THIS IS A $425,000 HOME ON ONE ACRE OF LAND (HORSE PROPERTY) WITH A APPROX. $400,000 LOAN BALANCE.  I WOULD RATHER BE UPSIDE DOWN EVERY MONTH THEN TAKE A WHOPPER OF A HIT TO SELL.  I EVEN DIDIA REALTOR TOUR YESTERDAY TO GET A BUNCH OF "GOOBER REALTORS" TELLING ME THE HOME IS WOTH $350,000 (ACTUALLY 30% OF THEM SAID THIS).  MY ISSUE IS THAT IT'S NOT "THEIR" MONEY.

SO, WHERE SHOULD I ADVERTISE THIS HOME TO RENT?  I HAVE TO ADMIT THAT LUCK HAS ALWAYS BEEN MY FRIEND (BESIDES MAKING CALCULATED DECISIONS).  I AM NOT SURE WHAT THE HECK TO DO.

PLESE COMMENT AND HELP WITH YOUR ADVICE.

I AM STUMPED...NEED A FRESH BRAIN.            -JESS

Current Grade: A
Category: Marketing
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Vieving 1 - 3 out of 3 comments
Phoenix Rising
Ambassador
Posted By: Phoenix Rising on 06/24/2007

I am glad to be on this site!  Thank you for your advice and help.  I will keep you posted.

Jess

 
Brad

Posted By: Brad on 06/23/2007

Are there any neighors in the area?  One tip I was given was to pay neighbors a referral fee for finding a buyer/renter.......and they get to pick their neighbor as well!

That's all I got......I spent. :-)

Bookworm

 
Real Estate Investor
EducatorAmbassador
Posted By: Real Estate Investor on 06/23/2007

Check your inbox. I just sent you some good tips.

Sean