First National Real Estate Coffs Coast - BLOG ARTICLE

almost 2 years ago

Tips for setting a realistic rental price

Setting your rental price is an important aspect of managing a rental property. It affects your income and ability to attract the right tenants. Here are some tips to help you understand how a First National property manager will determine a price for your property:

1. Research the market: before setting a rental price, we research the current rental market in your area. We look at comparable properties, their location, size, and features. This enables us to recommend a price that is competitive and in line with our current market conditions.

2. Consider your target market: we think about the type of tenant you want to attract, and what they are looking for in a rental property. Then we write an advertisement targeting that audience's interests.

3. Offer incentives and be flexible: we may recommend offering incentives to attract tenants to your property, such as flexible lease terms, being pet friendly, perhaps regular garden or pool maintenance and be open to negotiating the rental process with good potential tenants. This can help you attract more potential tenants and increase the demand for your property.

Tips for setting a realistic rental price

9 March 2023

Setting your rental price is an important aspect of managing a rental property. It affects your income and ability to attract the right tenants. Here are some tips to help you understand how a First National property manager will determine a price for your property:

1. Research the market: before setting a rental price, we research the current rental market in your area. We look at comparable properties, their location, size, and features. This enables us to recommend a price that is competitive and in line with our current market conditions.

2. Consider your target market: we think about the type of tenant you want to attract, and what they are looking for in a rental property. Then we write an advertisement targeting that audience's interests.

3. Offer incentives and be flexible: we may recommend offering incentives to attract tenants to your property, such as flexible lease terms, being pet friendly, perhaps regular garden or pool maintenance and be open to negotiating the rental process with good potential tenants. This can help you attract more potential tenants and increase the demand for your property.

Tips for setting a realistic rental price

9 March 2023

Setting your rental price is an important aspect of managing a rental property. It affects your income and ability to attract the right tenants. Here are some tips to help you understand how a First National property manager will determine a price for your property:

1. Research the market: before setting a rental price, we research the current rental market in your area. We look at comparable properties, their location, size, and features. This enables us to recommend a price that is competitive and in line with our current market conditions.

2. Consider your target market: we think about the type of tenant you want to attract, and what they are looking for in a rental property. Then we write an advertisement targeting that audience's interests.

3. Offer incentives and be flexible: we may recommend offering incentives to attract tenants to your property, such as flexible lease terms, being pet friendly, perhaps regular garden or pool maintenance and be open to negotiating the rental process with good potential tenants. This can help you attract more potential tenants and increase the demand for your property.