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Dear PoP – Bid on your rent???

by Prince Of Petworth July 27, 2011 at 11:30 am 56 Comments


Photo by PoPville flickr user yostinator

“Dear PoP,

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:


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