Renting under market gives you better quality tenants?
Yes, instead of say 5 applicants the first weekend I list it, I get 50. I’ll go from 0 or 1 person with a credit score 720+ and income 8x+ rent with steady job history to 5 to 7
That caught my eye too. Seems like it would expand the pool of risky clients.
“Renting under market gives you better quality tenants?”
I just ran 4 units for 20 years and did exactly that in a small town. Yes, I think it gave me better tenants. I had to evict exactly 2 people, both moved before their court date. One other guy had a girlfriend who beat him. I gave them a 3 day notice for bothering others with their noise. They moved in 2.5 days, never had to file eviction. Those were the good old days. Now I’m out of that business in my dotage.
It gives the landlord a bigger pool of potential renters. I did the same thing and found hard-working couples to be the best renters. And they all appreciated the price break and more than made up for that by taking good care of the property. And very little clean up costs when they eventually moved on.