Asking BYOR (rent) in application ?

2 Replies

In a seller-market, buyers raise bids over the asking price in hope to win the purchase. 

Can this technique be applied in a hot rental market (assume no rent control in place) ?  

By adding a BOYR line to the application, LLs can potentially collect more on rent. Legal ? Have you done so ?  Your thoughts?     

This is super creative. I really like this idea.

I guess the only struggle would be hoping the most qualified tenant is the highest bidder.

I have been in situation where we had multiple great tenants and I have asked them to submit a best and final. One time I was able to get the landlord an additional $75 per month.

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