My house is worth more than what I put in my listing.

My house is worth more than what I put in my listing.

Raleigh, NC 路 Member since 2018 路 2 posts 路 1 vote

My current tenants got a job offer out of state so now I'm looking for new tenants. I put out a listing asking for 1400$ in rent but the house seems to have a lot of interest to the point where one of the applicants suggested she's willing to pay 1550$ in rent if that guarantees the lease. I'm never going to sign a lease without running my screening but I'm wondering if I should ask people for more rent both to make it easier to manage prospects and to increase profit. Any gotchas there?

0Reply
12 views

Most Popular Reply

Rental Property Investor 路 Salem, NH 路 Member since 2016 路 460 posts 路 276 votes
7y

@Shady Ibraheem As long as you make it clear that you are increasing the rent of your apartment for EVERYONE and not just a few prospects then you should not have any issues. Stay within Fair Housing and you should not have any issues...you have not signed a lease with anyone so you are free to set rent at whatever you want.

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Rental Property Investor 路 Salem, NH 路 Member since 2016 路 460 posts 路 276 votes
    7y

    @Shady Ibraheem As long as you make it clear that you are increasing the rent of your apartment for EVERYONE and not just a few prospects then you should not have any issues. Stay within Fair Housing and you should not have any issues...you have not signed a lease with anyone so you are free to set rent at whatever you want.

  • Chicago, IL 路 Member since 2018 路 546 posts 路 227 votes
    7y
    Originally posted by @Steve DellaPelle:

    @Shady Ibraheem As long as you make it clear that you are increasing the rent of your apartment for EVERYONE and not just a few prospects then you should not have any issues. Stay within Fair Housing and you should not have any issues...you have not signed a lease with anyone so you are free to set rent at whatever you want.

    Steve is spot on with this, @Shady Ibraheem. As long as you make it clear to all interested listing inquiries, you should be fine to set the rent price to what you feel comfortable with. Let me know if you're looking for a few more options in terms of places where you plan to list the property. Can definitely help out with that! 馃彉

  • Investor 路 Taylor Mill, KY 路 Member since 2016 路 2k+ posts 路 964 votes
    7y

    @Shady Ibraheem Nice problem to have, usually people are posting with the opposite problem and asking for help.

  • Raleigh, NC 路 Member since 2018 路 2 posts 路 1 vote
    7y

    Thanks guys, I appreciate the input! :)

Join the conversationCreate a free account to reply, vote on answers and follow this thread.