Rental Analysis

Rental Analysis: Setting an accurate rental rate for your units will be a key factor in getting your property leased quickly with the best possible tenants. The last thing you want is to find out that a similar house or apartment down the street got “much more in rent” than you did. Or worse and more costly, would be to overprice your unit only to have it sit vacant for weeks and months on end, costing you thousands in lost income. Investors Choice property management provides all owners a free rental analysis report on their home or investment property. This report will help determine how much to ask for rent, suggest updates, improvements or repairs, and much more. If you are a rental property investor or just considering renting out your home, request a free rental property analysis and get insight on the local rental market and on how your property compares to other apartments and homes in the area. What does your rental analysis include? As property managers, we are focused on how much a home will rent for based on a certain number of factors. The factors most often considered are, Location of the property, the type of property (single family, apartment building, etc). The condition of the property including updates and additional features, amenities, and the local and overall demand for rentals in the area.