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It means he can't find anyone willing to pay the higher amount and that could be for any number of reasons. By lower the price he's opening himself up to a less than desirable tenant.
Or maybe he is lowering the price to get in a more desirable tenant.
Ask the landlord. It may not fit with your impression of the local market, but if the applicants he was getting were telling him that $900 units had xyz amenities and he only had abc amenities, his choice to remain competitive is either spend money on upgrading the unit or drop the price.
At any rate, since it's not a secret that he changed it, he should be able to explain why. Not to say he'll be honest, but it's worth asking.
It means he can't find anyone willing to pay the higher amount and that could be for any number of reasons. By lower the price he's opening himself up to a less than desirable tenant.
Its difficult to know the reason that the landlord would do this. Its true that this would be opening him or herself up to more undesirable tenants. But if they couldn't find an adequate tenant to begin with, this could work to increase the likelihood of getting someone qualified in the door.
Either way, be sure to do your research and check everything out thoroughly before you lock yourself into a lease agreement.
I'm not going to spend an hour explaining how it can and does work that way, but I know you think you know everything and you don't.
Whatever. No landlord lowers the rent, on a room, in order to find more desirable tenants.
There's a reason why people rent rooms and it's usually because they are low income and/or have bad credit. In this case if someone can afford $700 for ONE room, they can afford to rent a unit with a roommate or a studio.
Whatever. No landlord lowers the rent, on a room, in order to find more desirable tenants.
There's a reason why people rent rooms and it's usually because they are low income and/or have bad credit. In this case if someone can afford $700 for ONE room, they can afford to rent a unit with a roommate or a studio.
Whatever. No landlord lowers the rent, on a room, in order to find more desirable tenants.
There's a reason why people rent rooms and it's usually because they are low income and/or have bad credit. In this case if someone can afford $700 for ONE room, they can afford to rent a unit with a roommate or a studio.
Renting a room provides a tenant added protection against defaulting housemates/roommates. If you simply split an apartment you are on the hook for the entire rent if the roomie decides to start skipping out on rent. With a room your rent is your rent and that's that.
Whatever. No landlord lowers the rent, on a room, in order to find more desirable tenants.
There's a reason why people rent rooms and it's usually because they are low income and/or have bad credit. In this case if someone can afford $700 for ONE room, they can afford to rent a unit with a roommate or a studio.
If the listed rent price is too high then those who would be considered good applicants and can get an apartment/room anywhere will shop around for the best price. They are not worried about being rejected, leaving the landlord with the overpriced rental dealing with people who usually cannot get approved anywhere. SO by lowering the rent to some something that is more comparable with other rentals in the area they can bring in applicants that are more desirable. Okay?
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