How Much Should I Charge for Rent? A Guide for Landlords
marketingLandlords: Are you charging the right rent? Don't leave money on the table!
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Key Points
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- 1
1% Rule: Starting Point for Rent
Estimate rent by charging 1% of property value, but adjust based on market.
- 2
Market Research is Crucial
Analyze comparable properties, amenities, and local rental market trends.
- 3
Amenities Impact Rental Price
On-site (pool, gym) and in-unit (washer/dryer) amenities increase rental value.
- 4
Seasonality Affects Demand
Summer is peak season; winter may offer less competition, but lower demand.
- 5
Understand Rent Control Laws
Comply with local rent control rules that limit rent increases.
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