Unit Rented in 12 hours with Facebook Marketplace

[Jordan Moorhead]

Has anyone else used Facebook Marketplace for rentals yet?

I posted a rental at midnight and had over 60 messages when I woke up in the morning. Facebook even restricted how fast I could message back because there are so many of them. I rented out the 1 bedroom unit I had available and even had someone willing to fill out an app for the 2 bedroom unit I have that hasn't even been finished yet. 

I've also never had that many people show up for a tour before. Typically we have one or two out of the horde that says they are coming. This time we had 9 different groups in less than an hour. The cool thing was it  was mostly younger people and the guy we accepted made 8x the rent with no derogatory marks. 

Maybe this is a one off but I thought it was pretty good for the day after Christmas in Louisville! Anybody else have experience with Facebook Marketplace?

[Jeshua Patrick]

Jordan Moorhead the great news is that you got it rented quickly at a price that worked for you. The bad news, for now, is that you clearly underpriced the unit. Lesson learned. If the response rate is that high it’s a clear sign your price is too low at which point it doesn’t hurt to raise the price. If you don’t mind me asking, how did you determine what price to list at?