Lease option tenants pay higher rent and generally look after the property in a more propriatery way.
Many individuals and families in the higher end income level are in need of this in the current market.
A high end home on the market for rent needs to be treated as a high end product to fetch top dollar. I'm a big believer in product matching the price! When my team and I list high end homes for rent in Marin, I often hire a professional photographer for my clients, I design a website to showcase the home, and I use my network of top Realtors, executive clients and relocation agents to help the property get the exposure it deserves. I usually rent home in Marin in the $5k - $10k a month range. I am happy to help if you have more questions!
I just rented a house in Palo Alto for $4500, with a one year lease, and my recommendation would be to give it to a Realtor to do that. I put the house on MLS and on various other web site, including relocation companies. Several people applied, and as a result, the rental price was higher than the original asking price. Also, often, the tenants coming from other Realtors are of higher "quality" so to speak, because they are people who do not have the time to look for themselves, they are busy, - which means they can pay someone to do that for them. - hence the higher price. Let me know if I can help
The best ways to increase the rental value are to either have a ver nice remodel, or allow 2 dogs. Renters appreciate updated homes a lot, but if your home is not already remodeled, the cost of doing so will not be recouped by the amount you can increase the rent. If that is the case then allowing a renter with 2 pets, especially dogs, will give you a good advantage because there are not a lot of landlords who allow that and tenants with pets will often pay high premiums.