Are my rents too low?

[Brett Silcott]

The last 2 homes I have bought and put up for rent on Zillow/Trulia have had overwhelming response, like 10-20 showings scheduled on the first day, and then over half of them applying. I feel like my market research shows that the prices are fair. If you had this much response would you try to push the rents higher? What do you shoot for as far a inquiry rate into your properties?

[Cary O.]

Hi, @Brett Silcott, congrats to you on easily renting your properties. It is always a good position to have multiple qualified tenants. Keep in mind, that the appropriate list price is whatever the market is willing to pay. We have also had the fortunate experience of having multiple qualified tenants for a property. In this instance, you can do something similar to a SFH sale with multiple offers and let your interested potential tenants know that you have multiple lease offers, and are willing to accept higher offers to secure the lease.