Quote:
Originally Posted by westopher
The absolute best thing you can do is rent your place slightly lower then you have your pick of the renters.
1 vacant month will reverse a year of the extra 150 rent you charge. I always had my pick of renters in Edmonton and it made my life much less stressful. Ask my former landlord here and she'd tell you after 20 years of renting that it's a better way to do it. To think you get worse tenants by charging less completely goes against the basics of demand.
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Yes and no.
I tried renting my place at market value. It felt like I was selling a clean M3 in a city of juveniles. I furnished the unit, up the price 50% and I have lawyers, military personnel, and doctors as tenants and don't have to sort through the trash. Best move I've made.