How to Set the Right Rent

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Real Estate

  How to Set the Right Rent

Perhaps the most difficult part of renting property is setting the proper rent. We, can help you by searching what is going rate for comparable rentals such as how many bedrooms and bathrooms, size and location. 

In trendy or high-traffic areas, there is a constant demand for rentals. However, even if your property is in such an area, common sense dictates property with repair or maintenance issues won’t demand the same price as a well-maintained property.

Workout facilities, pools, tennis courts, etc. all affect a renter’s decision, as will basic amenities like dishwashers, laundry facilities, fireplaces, covered parking, and cable TV.

Testing and tracking is a good way to set rent prices. Err on the high side — it’s easier to lower prices than to raise them. And offer incentives when the market is soft — things like a free month of cable TV can tip the scales in your favor.

Team Milazzo will is involved in vetting all potential tenants with a full background check including past residence, employment verification and credit. Contact us for all your rental needs!