Can you change the rental price after it’s been posted?

Can you change the rental price after it’s been posted?

Downey, CA · Member since 2017 · 3 posts · 0 votes
I just put a completely renovated 3bd 2 bath home in California up for rent online yesterday and got an overwhelming response of inquiries. Now I want to increase the rental price. Can I simply delete the post and put up a new one? Also, can I tell the first group of inquirers that we have increased the price? Most importantly I am wondering if it is legal for me to do that. Thanks in advance for your help!
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  • Rental Property Investor · Fayetteville, NC · Member since 2014 · 884 posts · 670 votes
    7y

    Rona,

    Did any of the prospective tenants pay an application or credit check fee? I would caution that rent amount is not always the most important factor. Finding the RIGHT tenants that will treat your home as if it were their own is more important in my opinion. If you had a lot of interest - chances are that you already have a highly qualified tenant.

  • Los Angeles, CA · Member since 2018 · 326 posts · 279 votes
    7y

    @Rona Kinney yes, you can absolutely increase the price that was listed.  

    Depending on where you posted the information my recommendation is to re-post that due to the overwhelming response you will be removing the listing and then re-posting in very near future with the new price.

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