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Updated over 4 years ago,
Tallahassee 32317 Rent
We are about to extend the lease, current rent is $1500 for a SFH (1860 sqft 3 bd/2.5 bth) in 32317 and I was wondering if we should even consider increasing the rent, gGiven the pandemic and market volatility?
We are out of state and wondering what is happening in the local market. Zillow shows rent estimate as $1,700. The current tenant is very prompt and maintains the yard by themselves and I want them to stay longer and okay to be undersold by $50-$100 only. Can zillow be trusted for the market ongoing rent?
Dilly dallying on about increasing by $50 and make it $1,550.