[Nilzor]

The concept of selling to the highest bidder isn't popular in NYC?

[rtpg]

Well as the landlord, would you rather spend 2 months going over the appartment with 12 people or just take the first offer at 10% over list price?

Especially if you could go through 12 people and end up with nothing (since that gives time for people to find alternatives)

[icebraining]

> Well as the landlord, would you rather spend 2 months going over the appartment with 12 people or just take the first offer at 10% over list price?

Neither? We schedule an open house for the next weekend, people make their offers that day, then we accept one the following day.

[rtpg]

Shows what I know about selling houses. Definitely sounds like a better solution

[yitchelle]

I would have thought that selling vs renting are two different situations. Different enought to warrant a different approach for each of them.

[icebraining]

Depends on the type of rental, I guess. If you're looking for long-term rentals (years), the process is probably much similar than if you're looking for seasonal or shorter-term rentals.

[zwily]

Maybe it was rent controlled.