In response to Jeffrey's suggestion to look at my history of tenants and see what my highest rates of been, I've been thinking about it a bit lately. I think that my highest rents have come from existing tenants who upgrade to available units.

There have been several times where I've had units available and existing tenants express interest in them, and take them at my target price before I even hit the market with them. Other than that, most of my incoming tenants usually come in right at or slightly below the apartment average For comparable units in this area.

I did have one special occasion where I had an extremely above market rent on a single-family home with a single guy who was in the area for work and ended up staying for a number of years. That one's not really something that I can target, because the gas industry has many many transient workers. This gentleman just Happened to be an inspector it was in the area for a while. He was actually here longer than he anticipated. So I don't know how I could target upper-level management of transit workers, because they typically are also transient themselves.

Interesting.

You already solved the problem you just don't see it. EXECUTIVE RENTAL, MTM or long term. If you promote it they will come.

After reading your posts on these threads, I advise that you spend more time, energy and money on your company branding/ advertisement.

Part of the challenge is to prevent the words of the naysayers from seeping in to your thoughts.

Deanna,

Great question. I've done this four times (moved tenants to either a larger or smaller house).

There is typically extra work involved depending on how long they were in their existing place. But I also then get to raise rents on two places.

The tenants who are moving do a great job of showing their places for me. I am able to allow them to move early so I can quickly do the fixes needed on the place they're leaving so I have little to no lost rent on either place.

The last one I moved from a two bedroom to a three bedroom. Three bedroom was upgraded when tenant left so rent went from $875 to $1150.00.

The two bedroom the tenant moved from needed some touch-up painting, new kitchen faucet and fence repair. His rent was $770 and I rerented it for $850.00.

Not exactly what you are speaking of but I routinely place a teni in a room temporarily until the room of their choosing is available.

For me this is seamless because I'm dealing with rooms however I do have two bedroom shacks which also would be easy to move in and out of.

NE,

Take a break. You and your bride go tour some model homes and model apts. Relax and observe. I tell them I'm a LL here to check out the competition (Grin!) and they take it as a compliment. "Wow this place is nice - no wonder you are so successful!"

The good people are renting somewhere. Go observe the pros.

Me? Find what people want and let them pay you for it.

My GOOD applicants want disposal, DW, nice kitchen appliances, washer/dryers. AC, maybe wi-fi...

My competing apts offer all these things.