Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

32
Posts
14
Votes
Sara Finley
  • Investor
  • Bryn Mawr, PA
14
Votes |
32
Posts

Raise rent after initial listing?

Sara Finley
  • Investor
  • Bryn Mawr, PA
Posted
Hello - We just purchased our third rental property and have listed it. We have met and vetted 3 potential renters ... after the amount of interest we received I am feeling like I listed the property too low. Would it be unethical to tell the renters the situation and if they would be willing to pay $100 more a month? I think I know the right answer I just don't know if there is anything legal about the situation or if I would just scare them all away. Thanks for your responses. Sara

Most Popular Reply

User Stats

2,667
Posts
1,761
Votes
Deanna McCormick
  • Minneapolis, MN
1,761
Votes |
2,667
Posts
Deanna McCormick
  • Minneapolis, MN
Replied

Did you take applications .... if not you can repost with higher rent.

You say vetted if you ran their application and they meet criteria and qualifications your in the middle of a contract.. and you'd be hard pressed to do anything else but complete the process. 

Loading replies...