Up Rents to discourage ?
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Up Rents to discourage ? (by WMH [NC]) Apr 4, 2021 11:17 AM
       Up Rents to discourage ? (by T [IN]) Apr 4, 2021 11:45 AM
       Up Rents to discourage ? (by C&J [CO]) Apr 4, 2021 11:57 AM
       Up Rents to discourage ? (by Vee [OH]) Apr 4, 2021 2:31 PM
       Up Rents to discourage ? (by Oregon Woodsmoke [ID]) Apr 4, 2021 3:13 PM
       Up Rents to discourage ? (by plenty [MO]) Apr 4, 2021 5:11 PM
       Up Rents to discourage ? (by C&J [CO]) Apr 4, 2021 5:22 PM
       Up Rents to discourage ? (by Gail K [GA]) Apr 4, 2021 6:23 PM
       Up Rents to discourage ? (by Small potatoes [NY]) Apr 4, 2021 9:04 PM
       Up Rents to discourage ? (by JB [OR]) Apr 4, 2021 11:35 PM
       Up Rents to discourage ? (by Donna [PA]) Apr 5, 2021 8:48 AM
       Up Rents to discourage ? (by Landlord ofthe Flies [TX]) Apr 5, 2021 2:25 PM
       Up Rents to discourage ? (by JB [OR]) Apr 5, 2021 2:50 PM

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Up Rents to discourage ? (by WMH [NC]) Posted on: Apr 4, 2021 11:17 AM
Message:

I think it was Plenty who mentioned she had upped some rents hoping to discourage the Riff-Raff but it didn't work. I actually did the same thing recently, too many unqualified inquiries and even though I have automated rejections for the most part it's still time spent. I upped my rents a lot and I think it's helped somewhat, I'm still getting multiple inquiries but fewer totally unqualified maybe?

What are you seeing as rents go up? --50.82.xxx.xxx




Up Rents to discourage ? (by T [IN]) Posted on: Apr 4, 2021 11:45 AM
Message:

Still seeing a lot of applications. There is a shortage of rentals locally, so people apply to all... just hoping for one to accept. --174.228.xx.xxx




Up Rents to discourage ? (by C&J [CO]) Posted on: Apr 4, 2021 11:57 AM
Message:

I had to block a obviously unqualified person. They just kept pestering me, want to negotiate not only rent, but animal policy.

They actually offered me $375 LESS in rent and they have 2 dogs! Things are tough for the unqualified & it appears they are getting desperate.

I'll just leave it vacant if a well qualified tenant can't be found.

I'm also looking into to Air BnB. And getting out of LTR.

--67.143.xxx.xxx




Up Rents to discourage ? (by Vee [OH]) Posted on: Apr 4, 2021 2:31 PM
Message:

I allow negotiations - the rent can always go up. --76.188.xxx.xxx




Up Rents to discourage ? (by Oregon Woodsmoke [ID]) Posted on: Apr 4, 2021 3:13 PM
Message:

It doesn't matter how high the rent is if you have no intention of paying the rent.

You can raise rent so high it will discourage good renters. If they are good, almost any place they apply will take them. They can be bit picky.

But the losers that no landlord will accept, all they have to do is to get in the door. They don't care about actually paying the rent. --76.178.xxx.xxx




Up Rents to discourage ? (by plenty [MO]) Posted on: Apr 4, 2021 5:11 PM
Message:

Currently I'm raising security deposits. Yes i raise the advertised rent to reduce the number of inquiries. --172.58.xxx.xxx




Up Rents to discourage ? (by C&J [CO]) Posted on: Apr 4, 2021 5:22 PM
Message:

Vee.. this person asked if rent was negotiable, I responded, asking how much more they wanted to pay..... guess they misunderstood 7 you're right, rent cam always go up. --67.143.xxx.xxx




Up Rents to discourage ? (by Gail K [GA]) Posted on: Apr 4, 2021 6:23 PM
Message:

I thought I raised the rent high enough to discourage the tire kickers....but I was wrong. When I checked the other listings it turned out mine was the lowest for the number of bedrooms and bathrooms I had.

And yes, I had a few that wanted to negotiate a lower rent. They just get deleted because I figure I'm too old to waste my time with them. Same with all the ones with sad stories on how they've managed to wreck their lives with poor choices and "just need a chance" (in the past EVERY TIME I've done that I've regretted it in the end).

We seem to have a shortage of rentals here too so some apply to all no matter what their qualifications are.

Gail --73.20.xxx.xxx




Up Rents to discourage ? (by Small potatoes [NY]) Posted on: Apr 4, 2021 9:04 PM
Message:

I increased the rent on a small 1br $50.it's an older starter apt. The few others with higher rent have new floors. If it doesn't rent soon I might commit to the floors and then relist. I'm not seeing qualified applicants now so I don't think new floors will change that. Quite the opposite, the entitled class demands 'new'.

In one month I'm at 90ish inquiries, 25 pre-screened and 3 showings, one incomplete application, where the br is too small and they want to use the lr as the br. I'm not in a rush to receive their full package. --172.58.xxx.xxx




Up Rents to discourage ? (by JB [OR]) Posted on: Apr 4, 2021 11:35 PM
Message:

I dislike the idea of advertising extremely high rents. I tend to agree with OR Woodsmoke in that it will tend to discourage the truly qualified, good prospects.

Once the really qualified are discouraged, they will be much more likely to just purchase a home instead of paying more for rent than a home might cost them. --73.25.xx.xxx




Up Rents to discourage ? (by Donna [PA]) Posted on: Apr 5, 2021 8:48 AM
Message:

I've looked at a few postings on my local FB marketplace. Prices dont shock me as a landlord.

What shocks me are the comments on the post. You actually see people complaining about the rental prices. They are too high AND you have to pay for the UTILITIES!!!

Imagine the gall of some landlords charging rent that some lazy low life cant afford and wanting them to pay for the water that they use to wash their friends laundry!

Oh the nerve of us all!!! --172.58.xxx.xxx




Up Rents to discourage ? (by Landlord ofthe Flies [TX]) Posted on: Apr 5, 2021 2:25 PM
Message:

I think the most important price you should raise is the application fee. If someone is planning to stiff you on rent, raising the rent won't mean anything to them. The security deposit may, but they have free legal to sue to get it back. But when they see a high application fee and a list of things they will automatically get disqualified for, that may discourage them since they know they'll be wasting their money. Also it may be profitable if you have lots of applicants that don't have a chance in passing screening.

You could double the fee and offer to refund half of it at the end of the lease if they always remain current with their rent. Could become both a deterrent and a reward to shape behavior. --108.69.xxx.xxx




Up Rents to discourage ? (by JB [OR]) Posted on: Apr 5, 2021 2:50 PM
Message:

Unfortunately, application fees in many states are capped at a certain dollar amount or capped at actual credit/background cost. --73.25.xx.xxx



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