Posted by Mike-BC on January 08, 2001 at 24:25:13:
How soon do you need the money?
I recently tried to rent a rental house, had very little interest - two or three calls over two weeks and not one person came to look. It is a difficult market locally but… Without lowering my price, I changed the wording of the ad and included the phrase, “Rent-to-own available”. I got over 10 calls in the two days before I cancelled the ad, had 5 very good prospects and offers from 3. So my advice is, run an ad to rent the property and include a rent-to-own or a lease-option available phrase.
You may not get your money as quickly as you hoped but if you can get a renter in that will cover bills and then a year or so down the road will pay your asking price, it is better than holding onto an empty property that eats up your savings account.