I own a four family building which I am actively renting.
Every time I go to rent it I raise the rent slightly and I check the comparables in the area to make sure I am still not pricing myself out of the market.
I ALWAYS get a ton of people that are willing to rent the unit and I end up having to pick one.
Is there a graceful way of doing this?
I tend to just pick the one I think is going to be best but honestly they're usually all fine.
Can I just start a bidding war? Is this a bad practice? How do you get people into a bidding war?