Setting a Rental Price
Hey all, I own a studio in the Willoughby Walk co-ops across the street from Pratt. Assuming I can get Board approval, does anyone have advice on what would be a fair rental price to set? Thanks!
Hey all,
I own a studio in the Willoughby Walk co-ops across the street from Pratt. Assuming I can get Board approval, does anyone have advice on what would be a fair rental price to set?
Thanks!
What did you end up doing?
Did you end up getting approved? I also live in the complex and would be curious about all of this. Would you please email me at JohnAnthony.September at gmail dot com? I would REALLY appreciate it…
speaking as someone that rents in that area,
because of board approval and the look of the buildings, i would shoot for $1250 – $1350 depending on renovations. price is not only location… ease of approval, look of the buildings, state of renovations all play a role in the final rental amount.
I recommend you use a broker because you are going to get some very unqualified people in that price range and it’s a great thing to outsource a board package to someone that has done a ton of them.
Students can be fine, they require judgment, especially considering there are 4 graduate schools in that area.. and you can use a guarantor