Thought experiment - Maximize rent vs. Maximize occupancy
I’ve been thinking about this for a while, so I thought I would throw it out to the BP community.
Say you have a 2 bed/1 bath single family home that’s a rental.
And you have two options: Maximize rent vs. Maximize occupancy.
So would you take $900 a month, but you have the possibility of a 25% vacancy each year?
Or
Would you take $700 a month, but you have the possibility of a 1% vacancy each year?
What would you do?