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>I wonder if their creating a high barrier of entry actually backfired and caused them to hire less competent people? A property manager told me once that if y
by kryogen1c 7y ago
>I wonder if their creating a high barrier of entry actually backfired and caused them to hire less competent people?
A property manager told me once that if you are having problems finding good tenants that you should lower prices. Perhaps counterintuitive, no? He claimed that it opens you up to a much larger pool of people that allows you to discover better tenants.
- jjeaff 7y agoInteresting. I've heard the opposite. Charge more money assuming that higher income individuals tend to have more to lose when it comes to apartment damage or getting evicted.
- wolco 7y agoI still think money isn't the only factor. A poor family can make better tenants because they need the place to function and need a stable home. A rich college student with rich parents will sue you to death over anything if they choose to break the lease or a dispute arises.
- user5994461 7y agoIt's about location. Anybody who's heard or increased the rent like that must be in a rather prime location, definitely not in the country side for sure (little jobs and little tenants there).
- wnoise 7y agoThat solves the slightly different problem of having too many bad tenants.