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Updated over 9 years ago on . Most recent reply

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62
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14
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Jon Loca
  • Rental Property Investor
  • Saint Paul
14
Votes |
62
Posts

Too Many Rental Application --- Raise Rent ask

Jon Loca
  • Rental Property Investor
  • Saint Paul
Posted

Hello BP, 

I have my property up for rent and I've received a bunch of interest and a bunch of rental applications. I want to know if I can call the applicants and see if they'd be willing to pay more rent because of the amount of demand? Has anyone done this before?

Most Popular Reply

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5,659
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1,832
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Elizabeth Colegrove
  • Hanford, CA
1,832
Votes |
5,659
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Elizabeth Colegrove
  • Hanford, CA
Replied

Honestly I find in my areas the $50 makes a different between the tons of interest and no interest. While some people have had luck in what you are asking. I have found that this meant I priced it right and now I take the most qualified applicant. Remember there is more than one way to make money off of an applicant. Eliminating turn time, having a solid tenant etc always save money too!

To answer your question, no I wouldn't do that!

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