47
votes
Can I raise the listed rent on a rental property due to high demand?
Not a lawyer but this seems like a very bad plan.
What you're hoping to do here looks very much like a classic bait-and-switch scam. Advertising a low price to attract customers and then declining to ...
- 28.3k
36
votes
Can I raise the listed rent on a rental property due to high demand?
Small time landlord here.
I would say don't count your chickens before they hatch. "expressing an interest" is not the same thing as putting down a security deposit and signing a lease. I'...
- 645
24
votes
Am I supposed to buy insurance when renting apartments in the US?
In the US, renter's insurance typically covers the tenant's personal property and can also include liability coverage that could cover accidental damage to the rented property caused by tenant or ...
- 71.2k
17
votes
Accepted
Can I raise the listed rent on a rental property due to high demand?
Withdraw it from the market.
If anyone asks, apologize and say that you severely mis-priced it, and you can't afford to rent it out for the original price. Most of them will say "I'm not ...
9
votes
Can I raise the listed rent on a rental property due to high demand?
If you haven't collected money from applicants or made any agreements with them, then they aren't harmed by you changing rent, in a legally actionable way at least. As comments point out, some people ...
- 71.2k
8
votes
Am I supposed to buy insurance when renting apartments in the US?
In the past it was highly recommended to get renters insurance. It protects you if stuff is stolen, or damaged. It also provides some protection for the landlord.
Recently family members moved into ...
- 145k
6
votes
Can I raise the listed rent on a rental property due to high demand?
It is common understanding between civilized, honorable people that a promise is a promise. When you accept an application you make a promise. Namely, that unless the prospective tenant happens to ...
- 3,818
6
votes
Accepted
What is my responsibility as a landlord to providing internet, power, gas, and curtains?
Call your local utility company, they will be able to tell you exactly how to transfer the utility bill to another party - you can likely find the phone number on your last bill. Some utility ...
- 5,208
5
votes
Can I raise the listed rent on a rental property due to high demand?
I would very strongly recommend against doing so, especially during this pandemic, when evicting people for non-payment will be impossible for a long time. Rather, if you have a lot of prospective ...
- 453
3
votes
Can my landlord live in a property I rent if I move out before the lease ends?
To play devil's advocate: The landlord living in the house isn't actually costing you anything compared to having it sit empty. Your agreement with the landlord was that you would continue to pay rent ...
- 30.3k
2
votes
Can my landlord live in a property I rent if I move out before the lease ends?
Generally speaking, when a tenant moves out before the end of a lease, the landlord is obliged to make a reasonable effort to find a suitable replacement tenant. The original tenant is responsible for ...
- 5,522
2
votes
Is it appropriate for me to ask my prospective tenants about their relationship?
Relationship status falls under the category of familial status so
asking a couple, of any age or gender, if they’re engaged or married
is a no-no.
Most states mandate that a landlord may not ask ...
- 121
2
votes
Can I raise the listed rent on a rental property due to high demand?
I'd say 20 interested parties is good, that allows you to look at non-monetary factors as well -- do they leave an impression on you as if they will take good care of things, do they seem like people ...
- 401
Only top scored, non community-wiki answers of a minimum length are eligible