Hey mustachian friends! I know this is a good problem to have as a landlord. Not trying to brag or anything, just looking for honest input.
I have a small rental building and recently advertised a soon-to-vacant apartment for rent and received a ton of inquiries and already have 15 applications, 8-10 of which are totally qualified, no hesitation-type applicants, in less than 24 hours. I am quite surprised by the level of interest. I know you are thinking the rent must be too low, but I think the demand is just very high? I raised the rent 12% already from what the current tenants are paying, and it is just below or at the norm for similar size apts in the area.
Anyway, I am having a tough time deciding who to choose, and one qualified applicant just emailed and offered me $100 bonus to seal the deal. I am tempted to just sign him since it makes my decision easier. Should I feel morally obligated to let the other applicants know of the offer? I don't want to create a bidding war or something, but I do feel like I am kind of selling out all the other applicants for a measly 100 bucks. idk. what would you do?