Magic price (by S i d [MO]) Jun 23, 2017 11:00 AM
Magic price (by S i d [MO]) Jun 23, 2017 11:05 AM
Magic price (by Roy [AL]) Jun 24, 2017 6:28 AM
Magic price (by Smokowna [MD]) Jun 24, 2017 7:00 AM
Magic price (by Sisco [MO]) Jun 24, 2017 8:22 AM
Magic price (by S i d [MO]) Posted on: Jun 23, 2017 11:00 AM Message:
I pride myself on scoping the competition and knowing where my values need to be. As you know, pride goeth before the fall sometimes....well...
I overpriced a place. Went for a whole week and maybe 3 responses, total...one of which was from monkeydrama420. Hmmm...
So this morning I dropped my price 2%. Went just below the "and $50" mark (i.e. down from $579 to $549). Something about that $550 mark is magical in my town. So far today....15 responses 1/3 of which seem like they would be reasonably qualified to rent the place. Got 5 lock box tours scheduled today and tomorrow. Yes, it's raining right now. No, I'm not going to go out in the rain and driving 20 minutes one way only to have a looky-loo stand me up. As always, "my maintenance guys are working to finish up a few small items there so you are welcome to use their key if they've stepped out."
Surprise, though....monkeydrama420 responded again...even after I sent (him/her/?) a link to my schedule a showing web page last time when it was still at the higher price point. No response then, so I did not respond this time...DELETE email. Think I dodged a bullet there. I love technology!
Happy Friday!
--173.19.xx.xxx |
Magic price (by S i d [MO]) Posted on: Jun 23, 2017 11:05 AM Message:
Typo...dropped price 5%. 2 and 5 are right next to each other on the 10-key pad....bleh. --173.19.xx.xxx |
Magic price (by Roy [AL]) Posted on: Jun 24, 2017 6:28 AM Message:
Sid,
Describe the house (or the tenant) that $549.00 in rent attracts. Are we talking a 2/1 Class C house in Class C neighborhood? Your rental houses/tenants and mine have always been similar. Do you have any houses that rent for more $600? In my rental business, I find that $600.00 is the magic price. --68.63.xxx.xxx |
Magic price (by Smokowna [MD]) Posted on: Jun 24, 2017 7:00 AM Message:
Interesting.
Do you think it is a search engine that they are using. For example they have a choice to click a range and they are clicking "under 550"?
--74.96.xxx.xxx |
Magic price (by Sisco [MO]) Posted on: Jun 24, 2017 8:22 AM Message:
Refresh my memory on price points. Does $600 per month become $609 or $619?
Do I stop at $679 and jump to $709? --72.172.xxx.xx |
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