Investor · Milwaukee, WI · Member since 2012 · 109 posts · 42 votes
This question is for the Milwaukee investors. How many people do you usually get interested in your property? I put adds on Zillow and Craigslist and have had over 30 inquiries in the last week. This seems kind of excessive to me and I wondered if I needed to raise the rent. I have a nicer 3 bedroom, 1 bath house in a decent neighborhood for $1095 a month. The house is not very big, but has a lot of nice features. I had an open house yesterday and had approx. 15 applicants view the property. One completed the application on scene and I am doing the background screening now. Is this normal, or do I need to raise my rent?
True and wise words. I was just a little surprised at the amount of people and was wondering what the average tenant viewing is. The first time I rented the house, I had half the replies I got this time. Thanks for the input!
@Jason V. That is a big response. It tells me you probably had a very effective ad with good pictures, and that the property is nicer than most the rentals you are competing with in that neighborhood. So sounds like you did a great job, nothing wrong with that. It is possible that the rent could be higher, it is something I would look at if I had a response like that.