How Much Will My Home Rent For?

By Aaron Treloar | Property Management Tips

Feb 24

Hey everybody, this is Aaron with Access Property Management.

As property managers, one of the biggest questions we get asked is “How much money will my home rent for?” Here’s how we do it:

1. Comparables

First thing we look at is comparables. We pull properties from our current management portfolio that are in your neighborhood and we look at them and compare them to your property and find out where your property falls in the mix.

We also look at properties that are currently listed because these are going to be your active competition. We want to make sure you are priced fair.

2. Amenities

We look at your property and see what it offers that other properties don’t. We also look at what your property does not offer that other properties do offer, because this all has an impact on the final rent price.

3. Season

The final thing we think about is season. In Michigan in particular, the prime leasing season falls approximately between April and early September. Outside of that time you may experience longer vacancy and possibly less rent, just due to the fact that not very many people like to move in the middle of winter.

Need Help With Determining Your Rental Rate?

We offer a free market rental analysis of your home. If you are interested in taking advantage of this, give us a call, fill out the contact form or email us at propertymanagement@accesspmgroup.com. We will be happy to meet you at your property and give you our expert determination.

You can contact our office by phone at 616-301-9450 in Grand Rapids or in Kalamazoo at 269-220-6033.

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About the Author

Aaron has over 13 years experience in property management. With a focus on accounting and the “numbers” aspect of real estate, he loves to see a good investment succeed. He also enjoys talking to new investors and helping them overcome hurdles to their success.

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