But the twist that some landlords don't take into consideration is that, initial payment is very easy to make because someone looking for house has some money kept down for it for a long time so can just afford to pay. Secondly, some are desperate because time is not on their side so they can be pressured to pay more than their budget sometimes. But the real problem is with renewal. So if you put a rent too high because you know that people will always take it, what happens after that first payment when realities of life and change in economy sets in
It's really heavy. I know they will want to recover the whole money in one year rent.
But the twist that some landlords don't take into consideration is that, initial payment is very easy to make because someone looking for house has some money kept down for it for a long time so can just afford to pay. Secondly, some are desperate because time is not on their side so they can be pressured to pay more than their budget sometimes. But the real problem is with renewal. So if you put a rent too high because you know that people will always take it, what happens after that first payment when realities of life and change in economy sets in