The more you wait the more $$ you lose.
I think you should get a professional property manager, for 10% of the rent per month, and let them have the headache of renting and maintaining, and eviction problems, you can't save any $$ if you are not making any.
What if you get a bad tenant? Are you aware of the Florida Tenant laws?
Being a landlord in Florida requires a special breed of person, do you know the laws??
Just yesterday, the news showed a couple doing the perp walk who has been renting homes they did not own or manage, to others without the owners knowledge. Seems to be a story that is repeated monthly.
Potential renters are aware there are predators out there. A bandit sign on the curb with "3/2/2 $900" is a big red flag. Renters are aware they need someone looking out for their best interests. Those who are not are looking for a naive owner. As others have stated, you should consider other options.
CL, Trulia, Zillow, bandit signs, newspaper and community bulletin boards are all good options, but simply can not get same level of response possible when engaging those who do this on a daily basis.
Best of success to you.
Getting the information out to possible renters can be hard. The property managers know all the ends and outs of gettiing your home seen. It could be a pricing issue as well, many people price their home compared to a home that may have more upgrades on the inside. I would suggest using a property manager to get the clients into the home but then run it yourself. There is a seperate fee to do just that. You would not spend as much for management but you would get a qualified renter into your home. I would be more than happy to recommend a few that are experts in your area.
Please review my profile on Trulia and send me a message or email me directly at THOYT@prutropical.com
No pressure, just help.
Prudential Tropical Realty
Also, you maybe over priced, to few pictures, bad copy, just all kinds of stuff.
Sometimes when you try to save money you really cost yourself a ton. So do you want
100% of Nothing - or 80% of 100,000?
I am going to have to agree with Dan on this one. With all the legalities and contracts, buyers are working with Realtors now more than ever. No one wants to fill out all that paperwork incorrectly and have it come back to haunt them.
Dan also had a point with buyers trying to save on the commission as well. They know the seller is saving it, so they will use that leverage to work down the price, so they can save as well.
I am a local agent, and I do property management, but you can also use an agent just to list the rental for a fee, and then manage the property yourself as well. You do not HAVE to use them throughout the whole process if you want to manage yourself.
When renters speak with agents, agents do not look at "For Rent By Owners". They do not show up in our database, so lots of potential tenants never even see your home.
If you want some more information, please give me a call and I would be glad to give you some advice or answer any more questions you may have.
Thanks and good luck to you,
Coldwell Banker Residential
The vast majority of buyers are using agents to assist them and look out for their interests. If your home is not listed in the local MLS it's lost amidst a sea of other postings and no agents are sending it to their buyers. Your visibility, despite your efforts may be 10% of what a properly listed home would be.
Next, buyer's who are willing to work with FSBO's (for sale by owners) want to save themselves the commission too. If you save yourself money, how can they save themselves any money? Something has to give.
The truth is, a well presented, well marketed, easy to see and appropriately priced home will sell quickly and for the highest possible price. By cutting back on marketing, you're not getting any showings to schedule, let alone an offer to negotiate.
Please, take some time to find an outstanding local agent. A good agent is worth more than their commission, but a bad one or none at all can cost you in ways beyond just a commission. Save yourself real time and money and hire a real pro. Best of luck.