To determine what your target market would be prepared to
pay for your property, the best place to start is to compare your property with
other properties currently available for rent.
The reason for this, is because people who are looking for a
property to rent will be doing just that, they will be looking at a number of
properties in the area to create their shortlist and then apply for the
property that represents the most value to them.
So, your goal is to set the rent at the highest price point
while attracting the right tenants but don't get too excited by setting the
price too high because that will only lead to poor tenant applications and a
higher vacancy period.
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
Thursday, 14 November 2024
