Updated almost 8 years ago on . Most recent reply
Can I increase rent as number of tenants increases?
About to start renting our current home after our new home is built. We've determined that for our 4 bedroom, 2 bath house we can get around $1500 in rent in our area. We've had some college girls, referred by our babysitter, express interest in renting. It makes sense to me that at a certain number of tenants the rent should increase, but I'm not sure if this is reasonable or common. For instance, if we have 3 tenants they rent at $1500, but every tenant thereafter increases rent by $250/tenant or something of the sort. Is this a common practice? If so, how have you seen this structured/how have you personally done this?