Slight Differences

By
Services for Real Estate Pros with Homepointe Property Management

Vacant properties pose many risks to owners, property managers, and neighbors. We do not want properties vandalized, neighbors do not want signs in the yard, nor do they want the wrong tenants to move in. Owners must always consider a price decrease when there are complications advertising their home. Having good quality tenants that take care of the home and pay rent is key to any investment property. The owner trusts a company like ours to find and place this kind of tenant for them. However, the slight difference in $25-50 of rent per/month can mean we find qualified applicants that have been shopping the market waiting for something at just the right price. Prospective tenants are very smart with their money and want a good deal. So if giving them a good deal means lowering the price and saving days or months worth of missed rent...I think it makes much more sense to lower the price and have NO VACANCIES!!!

Comments (1)

Angie Nwanodi
Evergreen Realty & Associates, Inc. - Rancho Cucamonga, CA
The ACG Group, Realtors®|Standard, Short, HUD, REO

Amen!  Penny wise is often pound foolish.

Feb 28, 2012 04:47 AM