How to Set the Best Home Rental Price – Tips and Tricks from an Pittsburg Property Manager
Today we’re talking about how to determine a fair price for your rental property. One disclaimer: renting to just anyone is not a good idea. Even if someone promises you more than what you were going to rent it for, or they want to pre-pay their rent 12 months in advance, you still want to make sure you have a quality tenant. No prepaid rent or higher amount is worth having a property that’s damaged. Evicting tenants will be time consuming and expensive, so regardless of the price you attach to the home, make sure you do your tenant screening and get a high quality tenant in your home.
Pricing and Vacancy
If you have watched our other videos, you know that not properly screening tenants is one of the biggest mistake housing providers make. Complete your due diligence and run a detailed credit and background check. More importantly, make sure you use the same process for every single applicant. If you don’t do that, you’ll find yourself in hot water.
If you have any questions, or you need help pricing your own rental property, please contact us at Wolfgang Property Management, and we’d be glad to offer assistance.