Is Cutting Your Rates The Answer?
I talk with owners and managers across the country all the time. While there are some markets that appear to be unaffected (I promised not to name names or locations) in today’s economic climate, more and more people are reporting reductions in occupancies and a drop off in telephone inquiries and office drop-ins. I am curious if you feel that simply cutting your asking rents would really make a difference.
Remember that making a profit is a key to everyone reading this to still have a job. So let me know how much of a percentage cut in rents do you feel would result in a jump in your rental activity. Please vote in the anonymous poll and let me know.
MisterJim444
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