Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

Account Closed
  • Investor
  • Kirkland, WA
56
Votes |
101
Posts

Input needed on rent pricing - upstairs units v. downstairs units with private yard

Account Closed
  • Investor
  • Kirkland, WA
Posted

We're closing on our first 4-plex at the end of this month (yay!).  The building is two stories, two units up, two down.  The lower units each have their own moderately-sized enclosed yards with a small, paved patio area and some grassy area as well.  We are wondering how to price the units compared to each other, so my question is what is more valuable to tenants - an upstairs unit where you don't have someone trampling overhead (and increased security), or a downstairs unit with its own yard?  Or do the differences somewhat equal each other and we should just price all the units the same?  I know this will depend on the area (its in Everett, Washington for those who know the area) and the specific tenant, but I thought I would put this out there in case anyone has noticed general trends in preferences amongst their tenants for these features or those professional property managers who may have specific data on this kind of thing.  Any input is much appreciated!  Thanks!

Most Popular Reply

User Stats

1,331
Posts
451
Votes
Dick Rosen
  • Property Manager
  • Gilbert, AZ
451
Votes |
1,331
Posts
Dick Rosen
  • Property Manager
  • Gilbert, AZ
Replied

I have found that the neighborhood can really dictate this because of security. The upper units being more secure than the lowers sometimes makes the upper more valuable.

  • Dick Rosen
  • Loading replies...