Too Many Rental Application --- Raise Rent ask

[Jon Loca]

Hello BP, 

I have my property up for rent and I've received a bunch of interest and a bunch of rental applications. I want to know if I can call the applicants and see if they'd be willing to pay more rent because of the amount of demand? Has anyone done this before?

[Elizabeth Colegrove]

Honestly I find in my areas the $50 makes a different between the tons of interest and no interest. While some people have had luck in what you are asking. I have found that this meant I priced it right and now I take the most qualified applicant. Remember there is more than one way to make money off of an applicant. Eliminating turn time, having a solid tenant etc always save money too!

To answer your question, no I wouldn't do that!