3 Tips To Setting The Right Rent Price

Dated: 10/08/2014

Views: 958



In an ideal world, the perfect price for your property would make you the most amount of money! Unfortunately, the real world does not always happen. Your goal is to set the rent at the highest point you can to attract tenants, cover your expenses and hopefully put some money in your pocket. You do not want to put it so high though that you are not able to find tenants quickly!
Below are 3 tips to help you find your perfect selling price.
1) Do not set your house price identical to any other 3 bedroom houses out there. Why? Because your house is different! Set your house price based on view, updates, square footage, and layout.
2) Check out other houses in the area that are for sale. This will give you an idea of the going rent in your area. Do this for a couple of weeks. Keep track of which houses are getting rented quickly, which houses have lowered their rent, and which ones have been listed for many weeks.
3) You will not just set a one-time price for your rental and then forget about it. You must constantly look at the market and adjust the rent based on demand. When there is greater demand for your particular unit, you can charge a higher rent.

Give Front Street Brokers a Call. We look forward to helping you throughout your entire process!
Blog author image

Mike Turner

Trivia about Mike: Prior to working in real estate, Mike worked for few years on movies and TV shows around the world as a Camera Boat Operator and Marine Logistics Coordinator, including the TV serie....

Want to Advertise on this Site?

Latest Blog Posts

Just Listed 2478 Penny Royal Boise Id

https://my.matterport.com/models/An6FnuRAXHF?section=media&mediasection=showcaseTake a tour of this wonder large family home in the above like.  We at Front Street Brokers offer this 3d tour of

Read More

Rare Eagle Home On 18 Acres With Pool And Huge Shop 2074 W Pacific Ridge Dr MLS 98694485

Rare Eagle Home on 1.8 Acres, with Pool, and Huge Shop!2074 W Pacific Ridge Dr – MLS #98694485 Are you looking for the rare and hard to find home close to town, in a great established,

Read More

Open House In Hewett Park Sub Boise Idaho Saturday June 2nd

Open House in Hewett Park Boise Idaho Saturday June 2nd.  B-E-A-utiful, spacious and she'll be available this Saturday, June 2nd for your viewing pleasure! This Boise home has been well taken

Read More

How To Sell Your Idaho Home

http://casasdeidaho.valuedagent.com/purl/sellersI help sellers determine a plan for selling their home. What is the motivation behind the sale of their home and what is their next step? Once we

Read More