Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

3 Dangers of Mis-Pricing Your Rental Property
3 Dangers of Mis-Pricing Your Rental Property
When you first put your investment on the market in order to attract a tenant, you need to price it well. Pricing your property either too high or too low can lead to disaster. It is important to try and price your property based on what the market dictates for rentals. If your price is off, you may run into any of the following problems:
You don’t attract any serious applicants – you may find that you get substantial foot traffic, but never get any serious rental applications. This can occur whether you price too high or too low. When it’s priced too high, people won’t even consider it. When it is priced low, it may discourage them as they could wonder if there is something wrong with it that isn’t being revealed in a rental ad. Tenants expect too much from you – if you don’t plan on providing luxury services as a landlord and can’t respond to their every need at the drop of a hat, then you shouldn’t price your units that way. If you offer an average residential property with higher than average prices, it tells your prospective tenants something. ... more

__________________________________________________
Are you on The Rain? Grow Your Network!