Setting the proper rental rate for a property is one way to reduce the time a property sits empty, costing you money instead of earning it. Many factors come together to influence the perfect rental rate or "Goldilocks" amount, such as:
- Type of Property
- Pet Policy
- Market Conditions
Set the rate too high and you risk a property that sits vacant for months while tenants find something more in line with market rates. Set the rental amount too low, and you lose money on your investment and potentially lose out on market-savvy renters who think the offer is too good to be true.
Domain Realty can help. We help rental property owners in the Chicago area set the perfect rental rate for their property with our free rental analysis. There is no obligation to you; our rental analysis is completely free. We will meet with you to learn the specifics of your property, then prepare a report for you.
Don't lose out on good tenants, or earn less than you should on your property. Sign up for your free rental analysis now.