Price drop on rental after school year starts?

[Tom Dupree]

This isn't for a specific property, but just a general question I have been thinking about.

If you have a nice SF residence in a good school district (which would likely be one of the key features of the rental), how much would you drop the rent if it wasn't rented by the start of the school year?  My initial thoughts are about 5% (so drop a $1,000 rental to $950).  This type of property would be one that really is aimed at families with school age children.

Of course we would try and time the lease renewals to better line up with the school year.