but if the rent was say $300/mo. over market were they trashed to the tune of $300/mo? you might say "well i never heard from the great tenant i selected for 2 years" but you also lost $7,200. i'd replace a few light bulbs for $7,200.
Problem is my time is worth a lot to me. I don't want to be dealing with complicated people, late rent payments or trades people trying to fix a damaged floor, etc.
My approach has always been 5 to 10% below what I think is market value and find a great tenant and call it a day.