Responses to my first ad

[Dan Graney]

Good morning.

I purchased my first rental property, a duplex, and I am living in the smaller upper unit. The house will be rent ready on the first of April so I put my first add on Zillow and Craigslist yesterday. I got three responses in less than 24 hours, kind of making me think I have it priced too low.

Now I am wondering what to do. Part of me wants to pull back and reevaluate the rental fee but then I think that, well I did a pretty decent comparison before I decided on my fee, don't get greedy. But I don't want to be stupid either.

Was wondering if this was a normal response for placing an add like I did. Disclaimer, 2 of the 3 have dogs and I put no pets in my add.

Thank you in advance for any replies.  

[David McLean]

I wouldn't assume that you are too low on the rental fee just yet. Of those three that have expressed interest so far, you might not have a very qualified applicant in the bunch. Or you may. Just spend the time to check your applicants out and be thankful for the initial interest in your ad.

Remember you will be living next door. Just my thoughts..

Good luck!