1 RENTAL ANALYSIS
In managing rental property, it is extremely important to know what comparison properties are renting for. If you’re charging too much, you’re likely to be sitting with vacant units. If you’re selling yourself short, you’re leaving profits on the table.
We start with a rental analysis that identifies the 10 closest and most similar properties to yours that are currently for rent. This well give us a fair market rent range.
Ultimately, your rent is determined by what the market will absorb.
2 PRE-RENTAL HOME EVALUATION
Next we’ll perform a thorough evaluation of your property, both inside and out. This will allow us to make simple recommendations to allow for an optimum asking price. We’ll ask the following questions:
- How many bedrooms and bathrooms are included?
- What utilities are included?
- Will you be including garage parking or storage?
- Are you offering additional benefits like “free” WiFi?
- Will you allow pets and charge a pet rental fee?
- Will the property be furnished or not?
3 ADDITIONAL STREAMS OF REVENUE
Finally we’ll present several additional ways to increase your rental income by thousands of dollars each year. We will offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI. We can also Prepare home for rent by optimizing interior appeal and provide manicure landscaping to increase curb appeal.