> You start with the high rent and then come down as it sits vacant My experience in recent years is that what you really do is something akin to a casting co

> You start with the high rent and then come down as it sits vacant My experience in recent years is that what you really do is something akin to a casting combined with a (not advertised) auction and select your tenant based not only on price, but estimated probability of trouble and being late on rent, so religious college freshmen are high on the list, while single mothers on the other end. You don't want to do this every month, so you set the price high enough for some people to self-select.