As a landlord offering a competitive monthly rent amount is an important step towards keeping your property occupied and cash flowing. If you set your monthly rents too low you may never cashflow making your investment worthless. On the other hand if your rent is set too high you may never find a tenant, which leaves you with a vacant, non-cashflowing property as well as a potential target for vandalism.
Whenever we’re looking to purchase or manage a rental property for a client one of the first places we go for rental rate recommendations is rentometer.com. After answering a few simple questions about your property rentometer compares your property against other rentals in the area and determines whether your rent is too high, too low or just right.
The results screen is detailed and easy to read.
Rentometer.com helps take the guess work out of setting your monthly rents. It’s just one of the many tools we use to help our clients make money in real estate.
Want to see what the Vizion Group can do for you?