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5 BIGGEST Mistakes Made by Rental Property Owners
I 100 % agree with this check it out
JUST LOOKING IN THE LOCAL NEWSPAPER CLASSIFIED ADS or ONLINE RENTAL LISTINGS for COMPARABLE RENTAL RATES.... Prospective tenants have many ways to check comparable rental rates besides the newspaper and Craigslist.  Local property managers, Realtors, the internet listings.  Property owners renting their own property need to check these sources in addition to the newspaper.  Local property managers  can provide a list of rental rates - current and past - for various areas, subdivisions, buildings.  For apartment rental rates, owners should check the internet listings on Craigslist, their local apartment association and community sites. LISTENING TO WHAT OTHER PEOPLE ARE GETTING FOR SIMILAR PROPERTIES....  While this information should be put in “the mix” in determining the property’s rental value, there are often circumstances that are not relayed that could cause the information to be less than helpful. A country property often reported as being rented for $1,600/month was, in fact, being rented in one year increments to residents new to the area who did know that the property was over-valued.  When the tenants determined they were paying $200/month too much, they quickly found other property as they no longer trusted the property owner.  ... more

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