Market-Based Pricing: Understanding Local Trends

Setting the right rental price starts with understanding your local market. Research comparable properties in your area to gauge the going rates. Factors like location, size, and amenities should be considered when making comparisons. At Property Genius, we offer a comprehensive market analysis, taking into account recent lets and current listings to help you set a competitive yet profitable price. Being aware of local trends, such as an influx of new businesses or schools, can also provide valuable insights into what tenants are willing to pay.