[kryogen1c]

>I wonder if their creating a high barrier of entry actually backfired and caused them to hire less competent people?

A property manager told me once that if you are having problems finding good tenants that you should lower prices. Perhaps counterintuitive, no? He claimed that it opens you up to a much larger pool of people that allows you to discover better tenants.

[jjeaff]

Interesting. I've heard the opposite. Charge more money assuming that higher income individuals tend to have more to lose when it comes to apartment damage or getting evicted.

[wolco]

I still think money isn't the only factor.

A poor family can make better tenants because they need the place to function and need a stable home. A rich college student with rich parents will sue you to death over anything if they choose to break the lease or a dispute arises.

[user5994461]

It's about location.

Anybody who's heard or increased the rent like that must be in a rather prime location, definitely not in the country side for sure (little jobs and little tenants there).

[wnoise]

That solves the slightly different problem of having too many bad tenants.