How To Set The Correct Rent For Your Central Valley Home
Are you planning on renting your Central Valley California home for the first time but you don’t know how much you should ask for rent every month?
In this article, we will offer you several tips you can use for setting the correct rent for your property.
The first thing to do before renting your Central Valley home is market research. This means learning more about the local rental market and comparable properties in the area so that you can find out what they offer and what those properties are renting for.
If your property doesn’t have similar features or amenities, you can make your home more desirable to renters by upgrading the curb appeal and adding smart appliances that are highly desirable in today’s rental market.
Determine The Rent
Once you learn more about the local rental market, you should do the numbers to determine what you should rent your property for.
Most landlords typically set an asking price that’s up to 1% of the value of their home but in the case of home values in the 2020s, you may want to consider asking a rent that’s a little lower than 1% of its value because you could set a rent that’s unaffordable for most renters.
Tip #3 – Hire A Property Manager
At RPM Central Valley, we specialize in full-service property management for single-family and multifamily properties in the area.
Our property management team will help set the correct rent for your property so you don’t have to and once it’s rented, you can count on us for the services you need including rent collection, maintenance, customer service, and more!
To learn more about the property management services we can offer you, contact us today by calling (209) 572-2222 or click here to connect with us online.