Choosing the right rental price for your Atlanta rental property can be complicated.
You don’t want to underprice your home, because that will mean less monthly rental income for you. When you start with a price that’s below market, it will attract tenants quickly, but it will also be more difficult to increase rent in the future.
You don’t want to charge too much, either. If you do, you’ll have a hard time renting it quickly to good tenants. A longer vacancy period is a lot more expensive than a lower rental price.
Properly pricing your Atlanta investment home requires a deep knowledge of the local market, and a willingness to be flexible. There are a few things you can do to ensure you’re pricing your home correctly to attract the best tenants to your property. Read more