Advice needed… I put my place in London up for rent at a reasonable price, received a few offers, and started the reference checks for a potential tenant. In the meantime, I received an offer £200 per month higher than what the potential tenant would pay. Should I reach out to the current applicant to ask whether they would be willing to match the offer?
Why would you do that before you have the referencing back and confirmation of income and what they cab actually afford?
Best
I already have the income confirmation
Money isn’t everything. £200 per month from someone who turns out not to pay rent or causes damage is a poisoned chalice.
Get 6 months of bank statements and follow up references yourself for both. Do your due diligence and if your happy with both, then see if the first can match the new offer. If not, go with it.
But make sure that you aren’t swayed just by the money.
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@Giorgio4 you are missing the point. Income is just an example. You are carrying out referencing for a reason. Because it could show something that causes you to reconsider or even reject 1st tenant anyway. So why put them off before you have that report.
In any case if you were happy with first tenant’s offer before why change? By being greedy you could find they don’t wait around and find something else and then the referencing for 2nd comes back and shows 2nd isn’t suitable. Good tenants don’t wait around while being used as a reserve option. Then you have to start again. So it depends whether you want to take the risk
In any case as @tatemono says the £ isn’t the only reason to choose one tenant or another. You have to figure why 1st is offering more (is it 2 occupants not 1? Have they been evicted from prev place ? Etc)
Good luck
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Higher offers sometimes come from applicants planning to use the property for nefarious purposes - subletting, Airbnb, cannabis farming, brothel….
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