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How to set a fair rental price

21 Nov 2016 local real estate 0 Comment

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Setting a rental price is one of the most critical decisions you will make as the owner of an investment property.

Your Professionals Local Real Estate property manager is best qualified to assist you with determining a fair market rental value for your property.

The condition of the property must be considered when assessing rent. Location of the property is also relevant, as is the length of term offered.

Some owners make the mistake of setting the rent too high and consequently not attracting a tenant. This will waste your advertising dollar, along with the loss of potential rent whilst trying to secure a suitable tenant willing to pay the higher rate.

We hope you’ve found value in the information provided. Please note that this information is intended as a guide only. Professionals companies, members, directors, offices and employees do not give warranty as to the accuracy, reliability or completeness of any information provided on this website and shall not be liable for any loss or damage suffered as a result of anyone relying on information provided.

Professionals recommend you seek independent advice from your own real estate, financial, taxation, and legal advisors before entering into financial or other transactions.

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