One of the most important aspects of renting out your
property is determining the value of your property. When you're trying to
advertise your property to attract your most ideal tenants, setting the correct
price for your property is paramount.
In my experience as a licensed Real Estate Agent, I have
witnessed a lot of property owners get into trouble by setting the rent too
high and start to attract poor tenants which results in loss of rent as well as
increasing the chances of damage to your property. So, when you set your rental
price, try not to think about what you want, but what your target market is
willing to pay. Place yourself in the shoes of your prospective tenants and
consider the practical amount that you would be happy to pay for your particular
property.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 13 November 2024
