AgentRentals

Raising rent on advertised unit a risky move

Rent it Right
Published on Mar 27, 2008

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by CareyBot

Q: I've taken over the management of my family's small apartment building and recently spoke with someone who answered my ad for a vacant unit. After talking with other owners nearby, I realized that I had set the rent $200 below market. We haven't signed a lease yet, and I'm wondering if I can correct my mistake. --Tim A.

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