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Updated about 13 years ago,
Negotiating rent?
my husband and I built a new home that was completed january 2012. Just a few weeks ago he accepted a job promotion out of state. Because we built the home there is little to no equity so we've decided to rent it for a few years. I listed it on craigslist. I didn't post any pictures and said it wouldn't be available until Jan 2012 just to see if there was any interest out there or if I'd need to hire a leasing agent. I got a response 2 days later from a man who asked a lot of questions. Finally he asked if price was negotiable. He's never seen the inside of the house. My husband and I own other rental properties but these were purchased with the intent of them being rentals in a high rent area so they rented out very easily. Since this was our primary home and at a much higher price point I wasn't sure what to expect. I have the house listed at $500 higher than our mortgage payment and monthly taxes so I could come down. The house is priced at fair market rental value. If this were you would you come down or wait it out?