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[quote=Anonymous][quote=Anonymous]OP here.  I'm not interested in debating why condos *shouldn't* cost $4K per month, and as I stated earlier, I don't want to provide lots of details that could potentially identify me - I'll just say it's a unit with a high-end renovation in an excellent location.

The main point is that I have been receiving these "too high" rents for years, and now all of a sudden, I'm not.  Perhaps the high end of the market is falling.  Just trying to get perspectives from other landlords in the area - any thoughts?[/quote]

You were lucky now you’re not?  Now your high end renovation might look dated compared to other newer buildings.  Is your building luxury?  Gym, pool, concierge, etc?

Moving can be a lot so some people stay. I also know people who have companies or organizations pay part of some of their rent so certain people don’t mind if a unit has high rent because it might not be coming directly from them.  It is also a weird time to rent.

We have a house in my neighborhood rent up from September and they keep blowing the cost because it’s now November and who rents in November?  It also was renovated a few years ago because the owners moved overseas for postings.  I went in (owners asked me to look because they are abroad and can’t/ have a property person) and I told them it looks dated.  It looks worn and there are other SFHs and newer buildings that people might prefer.  The neighborhood is great but now it’s asked less rent than it has ever.

Could you furnish it and turn it into a rental for visiting nurses or someone teaching at a university or someone doing a language at State for a semester until spring /summer arrives and you can put it back on the market? [/quote]

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