Skip Navigation
StreetEasy Logo

Speed of condo rentals

Started by hanklin
over 9 years ago
Posts: 36
Member since: Apr 2016
Discussion about 71 Reade Street #3A
Does anyone have opinions on how quickly should a good broker should be able to get a priced-right condo rented to a tenant
Response by Flutistic
over 9 years ago
Posts: 516
Member since: Apr 2007

This rental has been on the market 112 days. I don't know why, but it doesn't matter that much. I personally consider 120 days a stale listing in any normal market in the USA--that is, not inner city Detroit or equivalent, where the only renters are squatters and houses sell for 50 bucks.

But if you're the owner you control how fast it rents. Just drop the asking rent. I see that's already been done, but apparently not enough.

Ignored comment. Unhide
Response by fieldschester
over 9 years ago
Posts: 3525
Member since: Jul 2013

My bet - based on no actual knowledge - is the owner has ridiculous requirements including some illegal ones violating FHA.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments
  2. More on land leases
    35 Comments
  3. What is the deal with Brooklyn
    24 Comments
  4. ALDIs coming to Hells Kitchen
    30 Comments
  5. 35 Sutton Place...coming soon
    81 Comments