2007-09-20 03:48:55 · 6 answers · asked by Matthew H 2 in Business & Finance ➔ Renting & Real Estate
I agree - it's supply and demand. When an apartment complex is at a lower occupancy percentage the landlord can run "specials" or even reduce the rent in order to fill the vacancies. Once the occupancy % increases, the rent will be increased as well. One company in particular (starts with an E) never runs specials but they change the rent every day; sometimes it fluctuates by as much as $150 per month. The rent amount you "lock in" today may be totally different tomorrow for a new prospect.
2007-09-20 04:28:03 · answer #1 · answered by princessyumyum 4 · 0⤊ 0⤋
It's supply and demand as well as based on the area that the apartment is in. The more desirable the area, the more the rent on the apartment. Landlords likely come up with the price based on other properties in the area.
2007-09-20 10:56:40 · answer #2 · answered by Go Bears! 6 · 0⤊ 0⤋
The landlord owns the property and decides what he'll rent it for. It fluctuates based on what the going market is, what people are willing to pay.
2007-09-20 11:32:32 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
The landlord. He can charge any price he wants. A smart businessman knows his area and prices rent to get tenants and make money at the same time.
2007-09-20 10:58:37 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋
Supply and demand.
2007-09-20 10:56:01 · answer #5 · answered by Russ B 2 · 0⤊ 0⤋
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2007-09-20 10:51:44 · answer #6 · answered by Anonymous · 0⤊ 2⤋