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Thank you all for your patience. I do appreciate it. It turns out having a side project while running multiple proposals is a trifle challenging. That said. I’m posting a first subset of the rawish data. In all close to 500 people took the survey, but a majority were from the Big Four. Here is the data from Deloitte, EY, KPMG, and PWC. Insights to come! https://docs.google.com/spreadsheets/u/0/d/1lN6JrxQfvA_MC4XFZ38G0ppQkBuxRv9mf88Y8NE2X2U/htmlview
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I would say wait at 3200 for at least two more weeks. Unless you're fine with renting it out at the same price as it was earlier. Which is fine, but you probably want to wait and see if you can make that extra 200 every month.
Subject Expert
How long has it been vacant? How many other rentals are available in the neighborhood?
I live in a college neighborhood and there’s always tons of vacancy in june and July, but come late August, everything is rented.
SPM1 is right. Wait until September to drop price. Try and Airbnb it to make up some cost in the short term.
Subject Expert
It probably costs more money to furnish and equip the property for short term rental use than he’d make back, especially for only 6 to 8 weeks. Then he’d have to get rid of all the furniture for the college kids… doesn’t seem worth it