Get a better understanding of setting the correct rent with some of these helpful tips!
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.
Here are a few simple tips you can use increase the rent estimate on your property.
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.
Assessing how much to charge for your property is a delicate process.
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...
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...
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...
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...
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.
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.
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...
If you’re not sure what to charge for rent, here are some factors you’ll need to take into account.
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...
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 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...
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.
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.
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...
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.
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
Investing in unknown markets on your own carries more risk than investing in your immediate backyard.
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.
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.
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 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...
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....
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...
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....
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...
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...
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...
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...
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...
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...
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...