Property Management Tip - Stay on top of rent reviews

Stay on top of rent reviews

To maximise the return on your investment, it is essential to keep on top of where the rental market is heading.

Conducting annual rent reviews will ensure you always achieve the best possible price and therefore returns on your asset.

Often, by increasing your rent in line with the market, you can decrease the divide between rising monthly mortgage repayments and the contribution your tenant makes each month.

A word of warning though…

Getting too greedy can have the opposite effect and alienate a good tenant, who might decide to move on to greener pastures.

For this reason, you need to weigh up whether gaining a bit more in the short term could see you lose out in the long term because your property is overpriced and remains vacant for longer.

Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property


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Jason Gwerder
Wednesday, 27 January 2021

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