Set the Right Rent
The best place to start is by checking the internet for rental prices such as Price My Rental on Zillow is a helpful website that is free!
In trendy areas, there is a constant demand for rentals. Still, if your property is in such an area, common sense dictates property with repair or maintenance issues won’t demand the same price as a well-maintained property.
Amenities like dishwashers, laundry facilities, and parking can affect a renter's decision.
Join a Facebook group to learn of trends affecting rental rates. Many also offer advice on pricing and management issues.
When you decide on a price, err on the high side — it’s easier to lower prices than raise them. Offer incentives when the market is soft.