The First step in renting your property is determining what the market will support at the time it becomes available for rent. A few things that will determine the market rent for your property are:
- Local rental inventory and available properties for rent.
- Seasonal patterns and the time of year your property becomes available. Fewer tenants move during November through January than in the spring and summer months.
- The condition of the property has a big impact on rental rate and similar floor plans in a building or neighborhood may have rents vary by as much as a few hundred dollars based on the condition of the property, amenities, and upgrades.
- In a hot market better views add value to the property and increase the amount of rent that can be charged. In a slow market, good views do not always equate to higher rents but will help the property rent faster than a similar property without views at the same rate.
Learn more about our tenant requirements and approach to caring for your property here.
Let our expert team showcase how Denver Rental is building lasting relationships with property owners year after year. Contact us and one of our property management professionals will reach out to complete our assessment.