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From a landlord's POV, it's hard to price a suite accordingly.
Too low, and it's no longer a sustainable mortgage helper.
Too high, and nobody will rent.
Then you have your middle ground; It's priced accordingly +/- $50-$100.
But then you attract a certain demographic on either end of that spectrum.
Low end, you might end up with a squatter, or somebody who's just really shitty with paying rent on time.
High end, you won't get a squatter, but they'll sure voice thier opinion on every little thing. Sure, you get your rent on time, but you're babysitting them 24/7.
There is no middle. because there is no perfect tenant.
Landlords charge more for rent in Vancouver, because, well, there are alot of shitty tenants. Charging an extra $50-$100 weeds most of them out. People may think that it's a renter's market, and they have the RTA to back them up. But at the end of the day, the Landlord makes the calls. Don't like it? Move. Simple as that.
I've always been nice to each and everyone of my tenants, but I'm jaded.
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