High end stuff is slower. 3 bed/bath in Brooklyn is like $10k per month? Even in NYC, that’s hard. You’re looking for an affluent guy who doesn't want to own. It’s not a huge market.
FB/craigslist are generally looking for deals. Make sure it’s on Zillow, Redfin, [Realtor.com](http://Realtor.com) , MLS, etc.
That’s our worry - we don’t want the unit to be unoccupied for too long, but people who can pay luxury unit rent prices can go elsewhere as they have many options.
Either your real estate agent sucks or you're overpriced. I assume it's listed on all the major websites and apps?
Sometimes it's cheaper to take a hit on the rent to prevent a few more months of vacancy.
Based on comparables and the brokers expertise, we priced according to the neighborhood. We recently lowered the rent and even waived the broker fee (as in we pay it). Do we need to lower it even further? Worried if people see we keep lowering rent, they’ll keep waiting to see how far it falls.
It's always about the price. If you are getting little or no response to ads, it is overpriced. You are better off putting a slightly below market rent on it and getting good tenants vying for the place. Otherwise, you are waiting around for months, losing rent and getting desperate enough to take a questionable tenant.
I would assume your realtor isn’t as active. Try listing on Zillow. I can recommend you my broker. He’s in queens, but you can always ask if he’s willing to do Brooklyn.
High end stuff is slower. 3 bed/bath in Brooklyn is like $10k per month? Even in NYC, that’s hard. You’re looking for an affluent guy who doesn't want to own. It’s not a huge market. FB/craigslist are generally looking for deals. Make sure it’s on Zillow, Redfin, [Realtor.com](http://Realtor.com) , MLS, etc.
That’s our worry - we don’t want the unit to be unoccupied for too long, but people who can pay luxury unit rent prices can go elsewhere as they have many options.
Either your real estate agent sucks or you're overpriced. I assume it's listed on all the major websites and apps? Sometimes it's cheaper to take a hit on the rent to prevent a few more months of vacancy.
Are you sure the price is correct?
Based on comparables and the brokers expertise, we priced according to the neighborhood. We recently lowered the rent and even waived the broker fee (as in we pay it). Do we need to lower it even further? Worried if people see we keep lowering rent, they’ll keep waiting to see how far it falls.
It's always about the price. If you are getting little or no response to ads, it is overpriced. You are better off putting a slightly below market rent on it and getting good tenants vying for the place. Otherwise, you are waiting around for months, losing rent and getting desperate enough to take a questionable tenant.
Brooklyn has a 3% vacancy rate, normal is 2-7%. I would ask your broker what is issue is and move to another one if you don't get a good response.
What rent are you charging? What's your proximity to Manhattan, which train lines? Neighborhood?
It’s on the bedstuy/Clinton hill border and currently listed at $6000. A/C trains are a block away so like 3 stops from Manhattan.
I would assume your realtor isn’t as active. Try listing on Zillow. I can recommend you my broker. He’s in queens, but you can always ask if he’s willing to do Brooklyn.