BAY VILLAGE - Katy Brahler’s Bay Village Contemporary is one of several hundred properties listed for rent during the 2016 Republican National Convention. It`s also priced to go at $10,000 for the week.
“$15,000 is OK if you have seven bedrooms and its completely updated,” said Brahler.
It`s no coincidence she understands how to price an RNC rental. Brahler is a Remax realtor from the Rocky River office with about 50 RNC listings on her site; the majority are priced at $12,000 or less for the week.
“Some of mine, I think, are a little high but we`re going to see by January, if they`re too high we`ll bring it down,” she told Fox8’s Lorrie Taylor.
Brahler said it`s possible for homeowners to price themselves out of the RNC rental market.
“I`ve walked away from quite a few, there was a couple in Lakewood, and I think he was pushing $25,000 and I said no.”
Howard Hanna realtor Julie Marous pointed out several unrealistic homeowners in the Cleveland area, many in the $30,000 and $20,000 range.
'I think that the attendees, people that are coming are seeing that and waiting that out a little bit,” said Jared Zak, Director of Property Management for Howard Hanna.
He said the RNC rental market hasn`t taken off yet, primarily because of high prices.
“We do see people that are telling us they have $4,000, $6,000, $8,000, $10,000 to spend per week,” he said.
Zak said the ideal rental will be no more than ten or fifteen minutes from downtown and the more bedrooms the better.
Brahler said anyone without three bedrooms should talk to a neighbor and present the rooms as a package.
Above all else, they recommended pricing the rental right.
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