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Four Tips to Manage Bidding Wars by Prospective Renters

Utilize these strategies next time a unit ends up with multiple offers!

When Erin Wheelock recently listed a two-bedroom, three-bath condominium in New York City’s Flatiron District, she knew it would be snapped up quickly. What she didn’t expect, however, was that she’d receive six bids the first weekend after the unit hit the market—and that it would end up renting for $13,300, nearly 11 percent over the asking rent of $12,000 per month. The winning bidder also agreed to pay her brokerage commission.

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Real Estate
02
Newsoms list Sacramento-area mansion for $7.5M, plan to exit city governor once called 'so dull'

The 12,700-square-foot mansion in Fair Oaks — an unincorporated community in Sacramento County bordering the American River — has been listed for $7.5 million....

Newsoms list Sacramento-area mansion for $7.5M, plan to exit city governor once called 'so dull'
Mark Zuckerberg buys an Irish castle

Mark Zuckerberg and other tech moguls have been purchasing property outside of California....

Mark Zuckerberg buys an Irish castle
How to save $2,000 a month in L.A.: Rent

Buying a home costs more than $2,000 a month more than renting in the L.A. area...

How to save $2,000 a month in L.A.: Rent
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