Setting Rental Rates: Step 3. How to gauge the Rental Market – #19

The third step to setting Rental Rates is gauging your current rental market. Step 1 and 2 help you define the “goal” rent amount, but it’s only in our research that we see the realistic rent amount you’ll be able to get for your rental unit.

Landlord Lessons:
– How not knowing the current rental market can cost you HUNDREDs of dollars
– How to very quickly find your realistic rental amount
– How to set your pricing aggressively for the fastest way to fill your vacant unit
– Why every second your unit is vacant you are SPENDING money