When aiming to optimize your Net Operating Income, you must be aware of the rent ceiling. To determine the reasonable amount of rent for each rental unit, you must calculate the market rent. This article will instruct you on how to work out the fair market rent. Rental Profit Calculator See your monthly and yearly…
Property owners, did you know that there are slow times of the year in the rental market? Rental properties can suffer from similar factors that affect the real estate sales market. Leases that end during ‘slow season’ times can take longer to rent and usually come with a lower rental rate. Seasonally Slow Rental Times…
The Dilemma: It is time to rent out your vacant unit. Your property manager says the market rent is $1,200 per month. You cannot afford to take less than $1,300. Do you wait to find a tenant or accept less rent? What should you keep in mind when you set a price for your rental?…
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