Setting Rent Prices

Get a better understanding of setting the correct rent with some of these helpful tips!

How to Set the Right Price for Your Apartment Complex


When it’s time to set the price for your rental property, you may be tempted to just set the price at your mortgage — or even half the amount — to determine a “fair price” for your property.

3 Easy Ways To Increase Your Rental's Value


Here are a few simple tips you can use increase the rent estimate on your property.

13 Questions to Consider When Setting Your Rent


When you own or manage a rental property, your success hinges on renting out the property rented at a rate that earns you a profit.

Pricing Your Rental Effectively


Assessing how much to charge for your property is a delicate process.

First-Time Landlords: 7 Common Mistakes to Avoid


If you have a living space you are not using; you may have thought about renting it out. This something more and more people are doing, with 36.6% of households renting their homes in 2020. And...

6 Key Characteristics That Make Up a High Rent Neighborhood


Real estate is a fascinating asset class for investment. It’s the only asset class that you can get so locationally specific that you can invest not only by city, but by neighborhood or even by...

Predicting Profits From Your Investment Property


Every investment is a risk; there's never a guarantee of profit. However, some investments are riskier than others -- and for better or worse, real estate investment is one of the more difficult...

Do You Know How to Set the Right Price for Your Rental?


Becoming a landlord involves a whole series of decisions to be made, such as: What area to invest in property and what kind of loan to take, among others. One decision many landlords don’t take...

How to Determine an Apartment Building’s Value


Properly underwriting the value of an apartment building is critical to finding and making great deals. Generally, a bank will use three different ways to assess an apartment asset’s value.

The Hidden Costs of Selling a Rental Property


Whether you're selling your personal residence or your rental property, you may not be fully aware of all the expenses that await you when you do so.

I've Found a Potential Investment: Do I Wait or Do I Jump?


Real estate is a great investment for those looking for a long term buy and hold. Do your due diligence when it comes to considering the purchase of a rental property. If the purchase meets all of...

How to Choose the Proper Rent Price For Your Rental Property


If you’re not sure what to charge for rent, here are some factors you’ll need to take into account.

How To Calculate The Amount You Can Make In Rent Each Month


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...

5 Psychological Hacks on How to Rent Your Apartment for Higher Price


Many owners are not aware of the fact that they are actually charging too little for their rental property. They don’t know that they can get a better price as long as they implement few...

Setting Rent Prices on Types of Rental Properties


Setting prices on rental properties can be tricky, but don’t panic. Although you do have to set a price, rent prices are not permanent. As a landlord, you can always adjust the rent through a fair...

3 Ways Property Listings Can Help You Craft a Better Rental Ad


If you're looking to rent out a property in an area that's already saturated with rentals, you know that you have to do everything in your power to make your property seem as attractive as possible.

The Importance Of Neighborhood In Rental Properties


Every real estate investor looking to buy a property knows that location is one of the most important factors to consider before settling buying a home personally.

The Price Is Right (Or Is It?): Setting Rental Property Prices


Every real estate investor or landlord is ultimately looking to gain the most potential value from their property. However, that doesn't mean you should go ahead and set your rental prices too...

Using Rent Comparison Data to Make Better Rental Decisions


Setting a good rent price for your property can sometimes feel like a shot in the dark. You have a general idea of what landlords are charging in your area, and you’re keeping up with that.

7 Ways To Make Sure Your Property Is Renting At Fair Market Rent


Whether you own or manage one rental property or hundreds of rentals across the country, you need to be able to set fair market rents confidently.

Do You Know How to Create a Rent Estimate?


You need a rent estimate to know how much to charge for rent and how not to undersell your property. There are many different tools available and methods you can use to create an address rent...

Preparing to Purchase Investment Properties and Setting Rents in 2020


If you’re keen to invest in a rental property, but not sure where to start, we have some pointers on preparing to buy an investment property once you find one, and how to set your rent prices for...

How to Set Rental Property Prices


Setting a rental property price is a difficult task for many landlords. You don’t want to price your rental property so low that you don’t make a profit, but you also don’t want to price it so high...

Don't Underestimate Your Rentals Potential


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...

What Landlords Should Know about Rent Prices


Many people in the U.S. are interested in becoming landlords. A Better Homes and Gardens Real Estate survey recently found that 89% of American investors are drawn to the prospect of investing in...

Are You Charging Your Renters the Right Price?


The fact is that property reports can only deliver so much information. A rental meter that is part of a rental listing app can provide much more focused data to help you set your rental price...

How to Use a Rental Listing App


Property is a great investment. Sometimes, values go down due to the economy, but the economy has a way of always bouncing back. Property values rise again. And rental property is a way to keep...

Why You Might Need To Raise Your Rent And How You Can Check


As landlords, we often fall into the trap of getting a bit too comfortable. It could be something as simple as skipping a property inspection or not following up with a tenant as quickly as we...

5 Ways to Use a Market Rate Rent Calculator


Going into the rental market can be scary, but the payoff could be worth it. After all, in 2016, 27 percent of Americans rented their home. Fully 96 percent of people who have invested in real...

Best Practices for Analyzing Market Rents in the Area


Whether you're looking to rent your property, it's a good idea to analyze the rents in the area. Understanding what the market is like before getting too excited over a price will save you a lot of...

The Best Tool for Accurate Information About Local Rent Rates


When you purchase a rental property, setting accurate rents is the most crucial step to keeping your rental operation running at a profit. As a landlord, you don’t want to outprice your local market.

Guide Tenants Through Pandemic


If you're a tenant who now needs to figure out how to make your rent payment … or a landlord who must determine how to collect rent, ease tenant anxiety, and rethink rents moving forward … where do...

How Can I Find the Rent Rate in a Specific Market and Estimate Cash Flow?


Investing in unknown markets on your own carries more risk than investing in your immediate backyard.

What is a Rule of Thumb and How Can it Help your Real Estate Investing


When it comes to investing in real estate, it's not as complicated as some make it out to be. Here are three rules of thumb that can help you be on your way to a successful career in real estate.

Testimonial: Using Rentometer for Deal Analysis


Real estate is a roller coaster of emotions. In many larger cities and markets, it is very competitive. Rentometer will help review accurate rent estimations before buying.

Does a Property's Age Matter for Investing?


This is one of the many great debates among real estate investors, "Should I buy or build a new rental property," or "Should I buy an older property and potentially renovate?" Let's dig into the...

Rentometer’s Pro Tip for Better Rental Price Evaluation: Percentiles


Rentometer provides a variety of statistics that can help you evaluate your rental market and, in turn, help you set the rent for your rental unit. By understanding the rental rates and...

Challenges Facing Landlords and Property Managers Going Into Q4


2020 has been a challenging year for many industries – to put it mildly. Property management is an essential industry that had to make sweeping changes and adjustments at the pandemic's onset....

How to Manually Calculate Your Property’s Cash-On-Cash [COC] Return


As a real estate investor, you need to understand all of the costs that factor into buying, fixing, owning, and operating a rental property. Without assessing these numbers, you won’t have a clear...

When Is The Best Time to Raise Rents?


Neither tenants nor landlords look forward to when the time comes around for a rent increase. But with the cost of living increasing year by year, landlords can choose to cover their higher costs....

Is the Real Estate Market Going to Take a Hit – Or Not?


Now in October 2020, we are not out of the woods. Many real estate investors feel a pinch as tenants have not paid many for a few months. With all evictions being frozen, the fallout of restaurants...

How to Finance Your Investment Rental Property


Owning a rental property can be a great investment, but you need to consider the financial side of things before you start house shopping. These are some of the more popular ideas on how to finance...

Rentometer Neighborhood “QuickView” – Los Angeles, CA


The Rentometer Quickview is perfect to give you an overview of a particular neighborhood or the start of a neighborhood comparison. Check out these 2BR/1.5+baths units in the most popular...

Important Legal Tips for New Landlords


Being a landlord is about much more than sitting back and collecting rent checks. While it can be a good way to make some money, managing a rental property comes with a lot of responsibility. Here...

How to Identify a Growing Market or Neighborhood for Your Real Estate Investment


Real estate investing has always been about being in the right position to make the most of the shifts in supply and demand. Every investor has a different set of factors to identify an ideal...

Rentometer “QuickView” City Analysis: San Francisco, CA


The subject of this week’s QuickView is a snapshot of average rent rents in San Francisco, CA. Based on our analysis, the San Francisco rental market is currently experiencing steep declines in...

Rentometer “QuickView” City Analysis: Seattle, WA


The current pandemic is having an impact on rent prices in major cities around the U.S. To quantify the impact, we’re focusing attention on some of the major cities and neighborhoods in the U.S. We...