Is rental market soft?
I am a brand new landlord in Central Park Slope, trying to rent out a 1500 sq ft duplex apartment — 4 Br, 2 Baths. Clean apartment, historical details, and a great location. Not in 321 school district, but prime Slope. Following the wisdom of this forum, I’ve been listing the apartments on Craigslist for…
I am a brand new landlord in Central Park Slope, trying to rent out a 1500 sq ft duplex apartment — 4 Br, 2 Baths. Clean apartment, historical details, and a great location. Not in 321 school district, but prime Slope. Following the wisdom of this forum, I’ve been listing the apartments on Craigslist for a few weeks now. I’ve had some interest in the beginning, but now the activity has slowed a bit. Is the market slow? There are very few comparable apartments, and prices very from $3K to $6K. What would you ask? Is this the kind of the apartment that better be marketed through brokers?
I just rented a big place (4 bed two bath) on flatbush and st. marks for $3200 that has to be over 1500 square feet. Three of the bed rooms arnt huge (10x10ish) but the fourth bedroom is about the size of a small 1bed in park slope. I think I got a pretty good deal.
I just rented a big place (4 bed two bath) on flatbush and st. marks for $3200 that has to be over 1500 square feet. Three of the bed rooms arnt huge (10x10ish) but the fourth bedroom is about the size of a small 1bed in park slope. I think I got a pretty good deal.
Cragislist is NOT just for younger folks looking for cheaper digs. I found my last rental there – and I’m pushing 50. Broker posted it – good location, address listed, good pics. I had started looking in the paper, and saw a few disappointing apartments. It had been years since I had looked for a rental, having been an owner in the interim. Then I remembered nobody uses paid classified ads these days – but free Craigslist ads now.
Craigslist allowed me to check actual locations, see pics, see views out windows even, and do my shopping online. Saw one apartment, went to see it, took it, and am happy. So’s my landlord.
You will get bites from Craigslist ads if you post a good, informative ad.
Take out a classified ad in the New York Times with a link to a splash page where you can post pics. Craigslist is for mostly for younger folks looking for cheaper digs in funkier nabes. Also, the problem with CL is that there are so many listings being added all the time that a listing gets buried too quickly. We rented our Prospect Heights one-bed garden floor apt thru CL very easily to a fabulous tenant two years ago but were surprised at how few queries we received.
I saw your ad.
you absolutely need good pictures ( unless your place is a dump, butyou would not be asking this price for a dump).
We always rented our 2 rentals with pictures on craigslist. sometimes we ended up renting with brokers who saw our ad and brought clients. Why not?
Our rentals are also 3br, and we always rented to families. Mostly it was that we were looking for tenants in the middle of winter. and we never had problems to find good tenants in a week or so. Our price was always market, but we can offer good location and top condition plus wd and dw.
So, start with pictures.
OP is here. I just wanted to thank everybody for all the input! This site has yet again proven to be an incredible resource. I will definitely add the pictures to my listing, and will relax my “No Brokers†requirement. The price is a harder call — it is indeed market, but there are just too few places to compare against…
Yep, 1:07, prices to buy are really out of whack with rentals now. – happy renter, former owner
Yes, Brooklynative, but you didn’t overprice by almost $1000 per month.
People who do are going to have months of vacancies. It’s a MARKET – they need to get real.
And, frankly, I’d be worried about tenants who were willing to pay so much over market.
Maybe I was lucky, but I posted an ad for a six room floor through at $3200 and the first people who saw it took it. Why don’t you post some pics here, or the link to the ad. Like others said, no pics = waste of time.