A property manager with units renting from $1,200 to $6,800 a month says higher rent doesn't guarantee better tenants. Price alone doesn't predict who will pay on time or take care of the place.
I don't intrinsically believe a certain price point as it relates to rent dictates who you're going to attract. Certainly, I think we can all agree smart, savvy people can recognize a good deal. In regard to price points, I mean, we, we rent properties from $1,200 a month to $6,800 a month, and so it's a pretty wide swing. I haven't done enough research perhaps, but I haven't found any correlation between how much someone paid versus rent amount and what type of caliber of person we found.
