Whether you are renting out a single family home, a fourplex, or units in a larger apartment building, you need to know what you can rent that property for. Today, we’re talking about finding the best price for your rental property.
How Much Can I Charge for Rent?
We come up with a market analysis that accounts for your property’s square footage, number of bedrooms, list of amenities in the area, and whether you have a pool or allow pets. There are a lot of details that go into determining the best price. We’ll get a low range and a high range, and then we’ll visit your property. Seeing your property in person is crucial. We need to know how it feels. The price will depend on how it feels and whether it smells bad or looks inviting. The house might feel huge and brand new, and that will impact the price. When someone walks into the property, they will either fall in love with it or put it at the bottom of their list. So, you want to represent that property well.
How Much Should I Rent My House for?
If you’re not using a professional property management company, and you don’t have access to a rental analysis, there are other things you can do to accurately price your home. Check sites like Craigslist and Zillow and see what other rentals are going for. You won’t get a detailed comparison, but you will at least have an idea. If you know a Realtor, you can pull up some current rentals online. As property managers, this is what we do every day. We have the best technology to help us efficiently price your home. We know the market and its prices, and we’ll know pretty quickly what your home will rent for. This will ensure you get the best tenants for the highest price.
If you have any questions about how much rent to charge, please don’t hesitate to contact us at Keyrenter South Texas. We’d be happy to help you out.