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General Landlording & Rental Properties

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Henry Chen
  • Fremont, CA
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Rent price vs tenant stability

Henry Chen
  • Fremont, CA
Posted Dec 15 2017, 08:18
Hi BP family, Like to get your take here. One of my 2bd condo should be able to rent out for $1700 according to few sites I've researched. However the next door neighbor in a 1bd asked if I would rent for $1500, and he has been renting this 1bd for past 11yrs and I can call his landlord for reference I think most of us worry about tenant stability but at what cost. While past rental history is good, it cannot dictate the future. I'm still screening other applicants $1700. What would you do here? What's your rule for rent changes? Thanks Henry

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