3 good applicants - can I raise there rent?

[Adam Sharp]

Hi BP!

I am renting out my condo and in an effort to be competitive I priced my unit at $1850/mo. I have since received 3 really good applicants from people that I would happily rent to.

Is there any way to claw back and get more for the rent? I am asking because this seems unethical.

Also - any advice on how to eliminate one tenant versus the other?

Thanks!

Adam

[Alex Olson]

Originally posted by @Adam Sharp:

Hi BP!

I am renting out my condo and in an effort to be competitive I priced my unit at $1850/mo. I have since received 3 really good applicants from people that I would happily rent to.

Is there any way to claw back and get more for the rent? I am asking because this seems unethical.

Also - any advice on how to eliminate one tenant versus the other?

Thanks!

Adam

 I would not do that - raise rents. You could next time around but it is a damage to your reputation. I eliminate first based on credit score, then work, then rental history. Hope that helps.