It would probably be illegal for you and the other landlord to collude in setting prices - against competitions legislation.Recently let a house in a very popular area. It was in excellent condition, but due to current trends, we marketed it 15% lowever than the previous tenants were paying. It was let within 2 weeks. However, a couple of days later, we noticed an add on daft for a similar property. It was advertised 20% lower than our property. I rang the advertiser (an agent), explained our experience, but he was not interested.
If he had checked out the market properly, he would have served his client better.
Instead he has undermined the other landlords and greated disgruntled tenants.
Unbelieveable. And people wonder why landlords have a bad rep.Recently let a house in a very popular area. It was in excellent condition, but due to current trends, we marketed it 15% lowever than the previous tenants were paying. It was let within 2 weeks. However, a couple of days later, we noticed an add on daft for a similar property. It was advertised 20% lower than our property. I rang the advertiser (an agent), explained our experience, but he was not interested.
If he had checked out the market properly, he would have served his client better.
Instead he has undermined the other landlords and greated disgruntled tenants.
Recently let a house in a very popular area. It was in excellent condition, but due to current trends, we marketed it 15% lowever than the previous tenants were paying. It was let within 2 weeks. However, a couple of days later, we noticed an add on daft for a similar property. It was advertised 20% lower than our property. I rang the advertiser (an agent), explained our experience, but he was not interested.
If he had checked out the market properly, he would have served his client better.
Instead he has undermined the other landlords and greated disgruntled tenants.
I would be keen to hang on to the tenants as they have been reliable and I'm mindful of the trends in rent levels.
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