Posts Tagged ‘Rental costs’
Your Rental Is Vacant. Should You Lower the Rent?
Your rental property has been listed for weeks. The phone isn’t ringing as much as you’d hoped. Showings are slow. Applications aren’t coming in. And now you’re asking yourself: “Should I lower the rent?” It’s one of the most uncomfortable decisions a landlord can make. Nobody wants to reduce their rental income. But at the…
Read MoreWhy Cheap Tenants Are Often The Most Expensive
When a unit is sitting empty, it’s tempting to say yes to the first person willing to take it — especially if they’re okay with a lower rent. Vacancy feels expensive.Lower rent feels like a solution. But here’s the hard truth many landlords learn the long way:“Cheap” tenants often end up being the most expensive…
Read More