Wednesday, July 18, 2012

Figuring Out What Your Home Will Rent For

Do you want to rent your home out, but not sure how much it will rent for? Determining the amount of rent you can get for your home is often the first step when deciding whether or not renting it out is a viable option, but determining a rental amount is hard to do without access to the Multiple Listing Service (MLS). Since you typically need to be a licensed Realtor to have access to the MLS, this now becomes troublesome for many home owners. Sure you could go onto realtor.com or other websites and see what rents are going for in your neighborhood but to get an apples to apples comparison it is imperative your seek the help of a qualified property management company.  Not only does the property management company have access to the MLS system they spend all their time dealing with rentals so odds are many of them have leased the exact same floor plan as yours. Most reputable property management companies will offer a free rental analysis which should consist of comparable properties that are both active and recently closed from the MLS system as well as other sites used in the Real Estate Industry. Say for example you had a property in Surprise, Arizona which is just one of the markets that I have spent a lot of time renting homes in, I could have to you a rough Rental Analysis in about 15-30 minutes and after viewing the property in person I can generally zero in on the best price for the amenities and demand of the home.

This is only one of the reasons it is important to consider hiring a property management company when you are thinking about renting out your home. In the long run property management companies save you lots of time and money for more examples of why you want to higher a property management read my other blog post "Why hiring a property management company pays for its self".

iDeal Realty & Management
9051 W Kelton Lane, Suite 10
Peoria, Arizona 85382
623-201-3544


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