Getting Optimum Rent 2017-06-14T06:47:02+00:00

Getting You The Optimum Rent For Your Property

Rental property owners have one goal: To maximize the amount of profit received from a rental property. The rent that you collect each month pays the mortgage, taxes, insurance, and maintenance. A portion of that rent is also reserved to fund bigger repairs and other property investments.

On the flip side, tenants want to pay the lowest amount possible and have lots of options of available properties to rent.

Here’s how PMI East Bay can set the right price for your rental property.

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.

To view sample rental analysis click here

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.

CLICK HERE FOR A FREE RENTAL ANALYSIS