Call Us Today: 414-366-5567

Pricing Stategies

Pricing Strategies:

Pricing your rental requires knowledgeable expertise of current market conditions.

Your Residential Renters Consultant will advise you of the following factors when assisting you in determining a listing price for your rental:

  • What have renters recently paid for similar properties?
  • Will this price attract enough attention by renters to generate showings and acceptable offers?
  • What properties are competing for the attention of renters right now?
  • What properties have not rented, indicating what prices renters are unwilling to pay under current market conditions?

Consider the following:

  • If the listing price is set outside of the proper parameters, potential renters may be deterred from consideration.
  • Arriving at the optimal price requires evaluation and understanding of current market conditions, the marketable features of your property and recent trends in the rental market.
  • The closer your rental is priced to fair market value when it first comes on the market, the more likely it will rent quickly at the highest price.
  • The higher your rental is priced above market value, the fewer number of available renters.

Pets or No Pets:

If you are hesitant on allowing pets, you may want to consider the following:

  • Residential Renters Consultant can implement safeguards to significantly reduce risk.
  • Pet insurance can be required.
  • Pet Agreements can be provided to renters defining terms and conditions.
  • Additional Pet Deposits & Monthly Pet Fees can be incorporated.
  • There is a large population of qualified renters who have pets.  Providing accommodations will greatly increase your marketability.
  • More apartments are allowing pets in order to maintain competitive advantage.

Call Us Today, for a no obligation rental assessment: 414-366-5567