Reply to Landlords: What are your experiences of rental applicants asking for lower than your listed rental price?

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Reply to "Landlords: What are your experiences of rental applicants asking for lower than your listed rental price?"

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[quote=Anonymous][quote=Anonymous]Here is what I do 
Price my rental properties few hundred dollars cheaper than my competitors in the neighborhood.
Because, of this potential tenants don’t ask me for a discount.
One potential tenant asked me for a discount and I told her I priced it better than most of the properties near by but if I don’t find someone in few weeks I will send you a text.
Since I had multiple applications I found full paying tenant.
The point is if they are your best option you have take it specially in November not a good time for rental.

[/quote]

Pricing it slightly cheaper than other competition in the neighborhood is how you get more people asking for a discount because you open yourself to the tenants who cannot afford the area prices and are trying to nudge their way to get into the area for their budget.  People don't usually look if it's much higher than their budget at all.  If you are slightly higher they may contact you.

If it's slow season, it's definitely a good strategy to get more traffic. It's numbers game.  Plus shows potential tenants there is competition, so eventually you can get someone paying asking price[/quote]

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