There are a number of things to remember in placing your home on the
rental market. The first thing to do is to work out the market rent.
This is one of the factors that potential renters will look at. If your
rental price is too high and not competitive renters won't consider it.
They're looking for the best deal that can help them save money.A
way to pull in better applicants and find the perfect tenant you've
been looking for, is to set the price just a little below the market. It
doesn't necessarily mean offering a very cheap rental without any
profit as potential prospect may think that its a scam. Just set a price
a little lower that the other rentals in your area for it to
catch there attention and hopefully attract more applicants.Intensive
research is important in order to check the rental rates of your
competitors. Once you've found a great tenant, you would want to keep
them for as long as possible. Rental rate affects the renter’s decision
if they will stay or go. If you impose a price increase at the end of
the year this may cause them to leave. Once you’ve find the best tenant, take into consideration if it is going
to be justifiable to raise the rent. It will certainly define their
Author:Nick Walton Phone: 469-556-2393 Dated: November 24th 2014 Views: 1,108 About Nick: I’m a Real Estate Professional by day, aspiring Tennis Pro by night.
I am originally from Londo...
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JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
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