Hello Nai,

The answers you are getting are very good so far, most likely your management company does have a contract with you and your parents. However, you want to check with them to make sure they are doing what they said they would do to market this property for you. Depending on where it is located, it might not be easy for people to know it is available unless they have some advertising for it either print or online. Also, if they could put out some directional signs on the nearest main street to direct people back to the property that would help give them some more exposure.

There are quite a few people wanting to rent or possibly do a lease with option to buy right now. The idea to call them or to have someone else call them to see how they handle the call is a great idea. I absolutely agree with that. You might want to find out if similar rental properties are offering promotions that you are competing with. Like move in specials, or just general price differences.

If you find out that this company is not performing as they said they would – you may be able to get out of your agreement with them. I am sure there is some protocol for being able to cancel the agreement in your contract. This is the best advice I can give without having more details for your specific situation.

I hope this input is useful to you. If I can offer you any more details, I would be happy to help you out. My office is in Meridian, I am familiar with the area and even though I am a realtor and my primary business is helping people buy and sell properties, I have worked with several people to help them find things that they can rent or lease with option to buy.

Apparently Christina and I are on the same page and writing at the same time.

Nai,

You probably do have a contract in place. I would be surprised if you didn't. You should check with your parents and get a copy of it if one exists. Also, have you or your parents had a discussion with the current management company about why they have had a property sitting vacant for so long? You may uncover a host of reasons that have not been considered.

There are many multi family units being completed right now and probably some pretty enticing offers to get them filled. Meridian is also a tough one depending on where it is at. There is a ton of traffic congestion there due to the amount of growth. I would check to see what other similar sized units are renting for. Your current management company should be able to provide this data for you.

Nai - check with the company you are currently using. You should have a contract with them. Converse with them in depth and see what they have to say about the vacancies on the units. Get a copy of the management contract from your parents (if they don't have it, ask the management company for a copy) so you have it handy.

Your first step is to thoroughly research what the management company is doing and the exact details for the vacancies. Could it be that it's different units vacant (in other words, leases coming due at different times) and that over the past 5 months, at least one unit has been vacant but in a 'stair step pattern' so to speak. Could it be that a unit or two needed extensive repairs from previous tenants? Could the rents simply be too high? What is the vacancy rate like in the area around your units (in other words, are other units having problems getting rented, etc).

Hope this helps.

Management companies cannot FORCE anyone torent your property. Call the number listed on the sign and pretend that your interested in renting. If Agent answers and does everything he should do to get you to lease, then you have an answer as to if the company is doing what they are supposed to do. Your price may be too high, there may be too many other rentals competeting against yours too