Ask HN: How would you maximize rent of a parking space?
Assume that I post a sign, and get only one person interested, and they ask me for a price.
1) If I give a number and it’s too high they may drop off
2) If I give a number and it’s too low then I have undercut myself
3) If I don’t give a number and ask their budget, they are incentivized to give the lowest reasonable number, which may be significantly lower than what I’m looking to get
My one data point is the HOA rents out spaces further away than mine for $200 / mo, and they have excess supply. So I’m looking to get at least $200 (since my spot is closer), ideally $225.
I say assume one person responds because obviously having multiple would give me leverage to get to my ideal price. I’m trying to figure out a strategy if only one person responds, which seems likely given the “market” seems slow paced, maybe one person a month posts an ad for a parking space, and it may be up for a week to a month.