How To Price Rental Property

Knowing how to price a rental property can save you money when you eventually get the property rented out or sold.

Fair market value (FMV) is basically the exact amount of money a property normally rents for in a marketplace.

This number is based on what people usually pay for similar rental properties in the same neighborhood.

Another important factor to consider is how stable the property management company is.

The fair market value of a piece of real estate is determined by using standard, well-respected rental rates as well as other similar factors such as amenities, location, and size.

How to price rental property is also dependent on how many tenants there are living in your property.

A single tenant can significantly inflate your monthly rental fees.

How To Price Rental Property

Practical GTA Real Estate Brokerage

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