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Updated about 7 years ago on . Most recent reply
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What should I be charging for rent?
Recently placed an ad on Facebook to rent a 2 bed 1 bath house for $600. Kind of a bad area. That is why I put the rent so low.
My Facebook account got blown up with response. As much as 200 people responded.
I think I asked too little for rent. What should I do now?
Most Popular Reply
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@Jeffery Cass - I see that you're a licensed agent in Virginia. I would advise doing a comparative market analysis of similar rentals in the area, assuming you have access to the local MLS. With that sort of response, there's a good chance you should be asking for more.
Shy away from public websites like Zillow, Trulia, etc., as someone else has already mentioned, because the data is often inaccurate.