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Updated about 5 years ago on . Most recent reply

Account Closed
  • Santa Clara, CA
71
Votes |
100
Posts

Is my rental priced too low? - $2000 (1B/1B)

Account Closed
  • Santa Clara, CA
Posted

I just posted my listing for a 1 bedroom 1 bath apartment today (its a granny unit/ADU) and got 4 inquiries already and 2 showings this week.

Its in South Bay close to San Jose area.

I am wondering if my rental is priced too low? at $2000 

Most Popular Reply

User Stats

74
Posts
57
Votes
Hunter Vigneault
  • Real Estate Agent
  • Boca Raton, FL
57
Votes |
74
Posts
Hunter Vigneault
  • Real Estate Agent
  • Boca Raton, FL
Replied

I'll let someone with market specific knowledge answer that, but I assume you are generally familiar and felt it to be reasonable for the area while still fitting your return expectations.

I'd much rather be a little too low and have my pick of well-qualified applicants than be a little too high and hope that the one person I found will work out. That's true for me regardless, but especially in an uncertain economic time. 

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