Asking rent relative to market rent? Pricing strategy...

[Dave M.]

Originally posted by Joel Owens:

I like upping the rents slightly so that you get the increase but are still below market.

Joel posted this on another thread and I wanted to ask for his rationale without derailing the other thread. So if you would Joel, please elaborate.

I've seen a couple other posts about how people price their rentals, but I would be interested to know everyone's thoughts if you care to share.