How Much Will My Property Rent For?

Thinking of renting out your property. What to consider when choosing the rental figure.

This is one of the most common questions asked of property managers.

It is important to remember that as a property manager, unfortunately we are not the gatekeeper of rental values. Rental prices, like sales values, are determined by the current market. In other words, what a tenant is prepared to pay for a given property in a given moment in time.

To determine the rental value of your property at the start of each tenancy and during tenancy, we compare your property to similar properties on the market in your area and consider the current demand for rental accommodation and the likely vacancy period. 

We review your rental a number of times throughout the year and when doing so we undertake the review with the above in mind. Naturally, we will discuss market conditions, the status of the tenancy and the scope for both current and future rent reviews. 

Want to find out if you’re receiving the maximum return on your investment, give Marsha a call today for your FREE rental appraisal.