Here’s the rule of thumb that we follow. A property should get at least 2-3 serious inquiries a week. A serious inquiry could be a phone call from a prospective tenant, or even showing. This amount of activity indicates that the property’s price is in the right price range.
A rental property should get a signed lease within 30 days of being on the market. You already know that vacancy is very expensive. Imagine you have a $4,000 rental home sitting empty, that’s about $1,000 loss a week!
