Sure! I can name a few things that a difference of $25 makes for me, it's:
- $300 a year in a savings account
- two months payment for an Active Rain outside blog
- a pair of shoes for my daughter - or school supplies for a needy child
- payment for a monthly water bill
- a monthly donation to a favorite charity
Talking with another property manager yesterday, we discussed rent prices. During the conversation, he said, "$25 dollars isn't going to make a difference so you might as well get it out of a renter."
OK. I don't follow that mindset because I think, first of all, rent should be based on the market, the condition of the home, the area, etc. I also don't believe in "getting it out of the renter" - but that's another blog post!
I believe $25 does make a difference and though it might be slight it's enough:
to widen rental prospects to five possible tenants over one
for a renter to pay for electric start up service
to pay for one day of daycare
bus fare for a month
for an urgent care co-pay
....and the list could go on!
From a renter's perspective - yes - $25 can make a difference between renting your property - or another one that is, well, $25 cheaper.
This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions. Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .