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Updated over 9 years ago on . Most recent reply

Vaundel Gassett's profile image
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Vaundel Gassett
  • Investor
  • from Anchorage, Alaska
  • Member since Jun 1, 2015
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Vaundel Gassett
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  • from Anchorage, Alaska
  • Member since Jun 1, 2015
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Vaundel Gassett
  • Investor
  • Anchorage, AK
1
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General Landlording & Rental Properties

Rent

Vaundel Gassett
  • Investor
  • Anchorage, AK
Posted

Hello biggerpockets! I was discussing something yesterday and it turned into a debate.  So i want to see what you all think.

If you are listing a 2br 2ba house to rent and you know in your marketplace that it can rent for $1,200. Would you list it at below market in hopes that a tenant will stay long term to eliminate vacancies? 

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Joe Melvin
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  • from Vincennes, IN
  • Member since Jul 7, 2014
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Joe Melvin
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  • from Vincennes, IN
  • Member since Jul 7, 2014
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Joe Melvin
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  • Vincennes, IN
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Joe Melvin
  • Investor
  • Vincennes, IN
Replied

Also. When looking for tenants or accepting applications. As the rent price drops. Usually the quality of tenant drops too. It's an unfortunate stereotype but one that I've found true nearly 100% of the time. 

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