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