One of the biggest mistakes new landlords make is underestimating the rental potential of their property. Often new landlords are so eager to get tenants in their property, that they undervalue their rental in the listing.
When setting up your rental properties, one of the first things you'll have to consider is how much to charge future renters. It might be tempting to push your rents as high as possible.
Any investment property owner will tell you there's more to the game than sitting back and collecting the rent! Handling the responsibilities of property management can take a toll. That's why it's essential to protect both your sanity and your asset with a monthly rent payment that's fair and accurately covers your actual burden.