My property manager always advertise my property for rent at a lower rate than what I asked for. Does anyone have the same problem ?
My IP is up for lease renewal next month. So I did a research on the market, similar accommodation in the area were listed for $440-$450 pw. I said to him, if I can avoid the property being vacant, I wouldn't mind $440 pw. Then he went ahead and listed it at $435 pw. The same property manager then advertise the unit next door (similar spec) for $450 pw...and yet for mine, he insisted $450 was too high.
This is not the first time it happens. A couple of years back I wanted $400 pw, then he blatantly said no because he thinks it was too expensive.
Does it ever happen to you ? How do you deal with it ?
My IP is up for lease renewal next month. So I did a research on the market, similar accommodation in the area were listed for $440-$450 pw. I said to him, if I can avoid the property being vacant, I wouldn't mind $440 pw. Then he went ahead and listed it at $435 pw. The same property manager then advertise the unit next door (similar spec) for $450 pw...and yet for mine, he insisted $450 was too high.
This is not the first time it happens. A couple of years back I wanted $400 pw, then he blatantly said no because he thinks it was too expensive.
Does it ever happen to you ? How do you deal with it ?