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General Landlording & Rental Properties

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Adam F.
  • Rental Property Investor
  • New Jersey
11
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59
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Raise my asking rent on an applicant?

Adam F.
  • Rental Property Investor
  • New Jersey
Posted Sep 11 2019, 12:24

I just listed my rental and showed it for the first time today. What I learned from the potential tenant is that my rent seems to be way underpriced based on everything he's seen so far, and he is itching to sign a lease because of it. I have some more people coming to look later today also. Is there any way for me to somehow increase the asking rent, either for any new people or him as well? I don't want to do anything illegal or anything, but I'm new to this and not sure if there's a way for me to do this.

Also, the tenant will be my neighbor so I have an added interest in who they are aside from credit and BG check. Can I choose the tenant I have a better feeling about as a neighbor even if they may be less qualified than someone else? This wouldn't be due to any discrimination of a protected class, but more-so their lifestyle (someone who seems to party a lot vs someone more professional).

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