Set the Right Rent

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Real Estate

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.