Photo by PoPville flickr user yostinator
OK – I have actually had prospective tenants offer to pay more rent then I was asking, but I never thought of just holding an auction!”
The Craigslist ad said:
“Bid on this 2 bedroom 1 bath townhome conviently located near 2 subway stations with off street parking, large back yard.
Just come by apply & right your highest bid on the application. The highest bid with approved credit wins. Simple!
All bids do not include utilities or the deposit. The application fee is a non refundable $35 per applicant.
* Additional $1.99 fee. To ensure your applicant’s identity and consent to release information about their credit profile the tenant is required to pay a minimal processing fee.”
Do you think bidding is a good idea for setting rent?
The 2 bed/1bath house is located at 747 Morton St NW: