Loft Rental Pricing Strategy
Thinking about renting your property? Having the right loft rental pricing strategy is important. Like anything in life our decisions are often made for us even before we leave our house. The price tags we read on products and goods have been thoroughly researched to not only get our attention, but to force our decision making process.
When we see a price tag for $.99, it is purposely priced as such to stay under $1.00. Hence, the Dollar Store where everything is $1.00 or less. The same principle holds true when pricing your property for rental. I recently posted a link to an article by Rebecca Weiss at Zillow speaking directly to this concept. To read the article click here.
Your loft rental pricing strategy will be important attracting potential tenants and beating out your competition. If your loft is priced at $925 and the market for similar units is $1000 or more you stand a better chance of renting quickly. Of course, you don’t want to price too low losing potential income. The right price will attract tenants and your property will be under contract in no time.
For help with your loft rental pricing strategy contact St. Louis Premier Lofts for a free market analysis. The price you for your rental is more important than you think.