I’ve probably always slightly under priced, by say $100 but then get good quality.
I did have one recently, no 3/4BR SFHs were at the $4K price point in 92127 so I listed at that price and boom the next day 3 came on the market.
Still managed to lease out in five days with a $100 cut. I don’t think big moves are needed, just be responsive. I find most tenants prefer to deal with landlord directly vs mgmt company. In 15-20 years, I may have to reconsider if I want to do that though.
It is interesting, it’s been a long time since I rented so when everything blew past the $3K mark, it was a bit of a surprise. Most decent houses are now in the 3.5+ range. So I expect 4K will become more common.
When I look for 4BR 2500 sf, I only see about 15 houses county wide less than $4k. So I’m guessing this will cause those with lower payments to stay put.
One tenant just gave notice of wanting out of the lease early, she understands she is obligated.
Have about 6 inquires in 1 day for a 3BR in 92127 4S at $3500.
So no issues with renting I think, had preferred to keep on the spring to spring cycle though.
.
