I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.