Set the Right Rent

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Real Estate

Set the Right Rent

The best place to start is by checking your Sunday newspaper for the range of rent prices in your area. Next might be CraigsList and also you might wan to check on Zillow, Redfin or Realtor.com. And, of course, consult with your real estate agent. I'm always a phone call, text or email away and eager to help answer any of your questions or talk about your real estate needs and goals.

In trendy areas, there is a constant demand for rentals. Still, if your property is in such an area, common sense dictates property with repair or maintenance issues won’t demand the same price as a well-maintained property.

Amenities like dishwashers, laundry facilities, and parking can affect a renter's decision.

Join an apartment owners association to learn of trends affecting rental rates. Many also offer advice on pricing and management issues.

When you decide on a price, err on the high side — it’s easier to lower prices than raise them. Offer incentives when the market is soft, like a free month of cable TV.