Is my rental unit priced too low?

[Rob Henzler]

We had a multi year tenant move out and priced our unit at what we felt was on par with prices in the area but within days of posting we have had about 70+ people reach out. I am concerned now that we priced it way too low and am wondering if there is a good way to go about rectifying this without losing a bunch of potential candidates. We are having an open house on Sunday and wouldn't be opposed to a bidding war of sorts or putting in an offer however I don't want someone to over extended themselves financially just to secure the apartment to their own detriment long term. Any suggestions?

[Jessica G.]

Reaching out is one thing. I'd go off of actual applications. Online websites have made it way too easy for people to "reach out" to a million places at once.