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Updated almost 6 years ago,
Advertised rent too low
Apparently I advertised my rental too low because I have 80 people interested in 2 days. I advertised $1700 but I'm at least $50 low for sure, maybe $100 or even $200. How should I approach this from a legal standpoint? Can I just update my add (zillow) with the higher price? Is it ok to have a bidding war for a rental? Good problem to have, but I'm not sure of the best way to inform everyone that I'm low and need to increase, or if I even need to. Mostly legal concerns, don't want to be surprised by a "professional" tenant! Thx for your input.