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Updated almost 8 years ago on . Most recent reply

User Stats

70
Posts
56
Votes
Chris Gibbs
  • Investor
  • Portland, OR
56
Votes |
70
Posts

Should I raise my price?

Chris Gibbs
  • Investor
  • Portland, OR
Posted

So I am in the middle of my first turn over for one of my units.  I posted it up on all of the websites and I have gotten around 12 or so responses in the last 48 hours of people wanting to see it.  I was not expecting this many and I am wondering if I have under priced it.  Is it in bad taste to change the rent I am charging?  Should I relist it at a higher amount?  I have sent an email to all of them with my requirements so maybe that will weed out some of the applicants just wondering if it is normal to get this many responses to a listing.

Most Popular Reply

User Stats

26
Posts
8
Votes
Josh Keeney
  • Investor
  • York, PA
8
Votes |
26
Posts
Josh Keeney
  • Investor
  • York, PA
Replied
I would say do research in the area and stay in line with the averages. Also a tip when posting your add be upfront in stating what you're looking for. I always put must have credit score of 650, down payment and security deposit, show paystub that you make at least 3 times the rent a month etc. that will usually help weed out the bad ones right off the bat.

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