Seems like I haven’t learnt my lesson on quickly reducing rent and so extended vacancy happened again. Albeit for 6 weeks instead of 3 months (previous case on another property Rutherford IP has not been rented from xmas) This property was listed at $450 mid-December. Finally found a tenant after reduction to $400 it is rented this week. It took a lot longer due to a combination of things · Timing - December is slower than other months while January is flooded with new listing, to make it worse · Pricing were not sharp enough, and I wasn't quick enough to drop the price. This is combined with a handover to new personnel (previous personnel has poor communications and stop working at the agency). The current PM wasn't familiar with the area and I can only see what's happening on the market online. · Inspections - Weekdays open inspections were done during inconvenience time for workers. I don't think the agency did a private inspection either until I requested 2 weeks ago. · Feedback from visitors - this is a smaller 4 bedroom home (was 3 bed with garage converted to ensuite). Many people coming through was looking for a bigger living room. The great professional photos that shows a spacious living room became a downfall as people get disappointed when they arrived. Lesson learned and I’m thinking of the following for improvement: · Floorplan with measurements – to help potential tenant visualise the size of the house along with the living room. Hopefully will help getting the right visitors through in the first place. · Description on the kind of tenant that might find the place suitable (e.g. starter family, couples with pets, etc). · Reduce rent in a faster much significant rate. A direct reduction from $450 to $400 might have been the best way to go about it as it will bring searches from different price bracket (it was gradual reduction to $430, then 1 week rent free, then $400). · Inspection timing is important and it's best for the agency to also accommodate for private appointment If this happen again, I will go back to this post and smack myself.