HOW LOW ARE YOU WILLING TO REDUCE RENT FOR A DESIRED TENANT

[Michael Craig]

Hello All, I am a new house hacker living in Saratoga Springs, NY. I have a two bedroom unit that will be available mid 11/2017 and I want to make sure I fill it with a respectful tenant. The market is slow at this time of the year and I have not had much success with finding tenants (Utilizing an agent have it listed on Zillow and Craigslist). 

My unit is listed at $1,400 a month (confirmed to be a competitive price in this market by two active agents and $1,400 is $200 under Zillows estimate). 

I believe I found a respectable tenant (steady job, great references, etc), however she states her budget does not allow her rent to exceed $1,100 a month. 

Do I let her move in for $1,100 a month or do I risk the unit going vacant until the busier season (February-September)? 

[Alexander Felice]

21% reduction in price.

Are you making enough to take a 21% hit in income. Are you going to be willing to sign the tenant for another lease at loss the next year?

If the price is competitive, I personally would take the time to find the right tenant at the right price.