Occupancy Rate vs Price Point

Topic Author

Matt Clark

Posts: 51
Thank you received: 15

10 years 1 month ago #14537 by Matt Clark

Occupancy Rate vs Price Point was created by Matt Clark

At what occupancy rate do you start thinking your rents are underpriced? 90%? 95%? 85%?

Can anyone point me toward formal studies regarding the most profitable position regarding occupancy vs. price point?

All comments greatly appreciated!

Matt

10 years 1 month ago #14537 by Matt Clark

Sandy Martin

Posts: 360
Thank you received: 64

10 years 1 month ago #14538 by Sandy Martin

Replied by Sandy Martin on topic Occupancy Rate vs Price Point

I've always used 100% with a waiting list as time to increase. But, I always verify it with a market survey to see where everyone else is.

You can always raise rent and offer concessions (ugh!), if needed.

10 years 1 month ago #14538 by Sandy Martin