Updated about 11 years ago on . Most recent reply
Too many prospective tenants
Hi everyone, Im new to biggerpockets and somewhat new to investing in realestate but i have 2 condo's in class A type building in an affluent suburb of Chicago. I rehabbed both units and never have a problem renting them. This time around i had 9 different people look at the unit all wanting to rent it. I gave each one a rental application and they all sent them back. My question is am i obligated to rent to the first person who looked at the unit or can i just choose who i want based on who i liked the best. I am in no way trying to discriminate, i just want the best qualified and best tenant i feel will fit in the unit. Any advise would be very much appreciated. Thanks!
Most Popular Reply
That's a great problem to have. I choose the best one. If you made any claim to accept the first full offer than I would do that but otherwise if you take the best offer it shouldn't be a problem. Usually when I have that situation (which is often) I let them know as they are looking and different times they will either put more money up front (like pay 6 months in advance) or offer an extra $50 a month or so.