All Forum Posts by: Ngan Nguyen

Thank you all for the recommendations! I really appreciate the advice as I learnt through my first time.  Will definitely vet the prospects very carefully. I'm in Northern Virginia area so the demand late/post summer is still pretty solid. I'm having a few more interested in the past 2 days. If it does not work out, I'll lower the price incrementally end of this week and end of next week to see how things go. 

Thank you! I'll give it more time. 

Interesting point about potential evicted though. I did not think about that but definitely worth considering. 

So I just started out with my first rental property. I posted my rental ad on multiple platforms (zillow, trulia, zumper, craigslist, apartments.com) and set the rate about 10% higher than the market with the intention to lower it gradually and also my unit is freshly renovated and nicer than the comps. I posted from Saturday (today is Tuesday) and I have received one to two inquiries every day. 2 people have toured the property but no one submitted application yet. 

Is it too early to lower my rent rate or should I give it a few more days? Is the level of interest that I received considered normal? This is my first time so not sure what to benchmark to. Thank you for any input!