Why is in depth evaluation of the potential rental revenue for a property or group of properties based on current and past so vital to rental property owners?
Determining the amount to charge for a rental property is one of the most important aspects of being a successful investor. For one, it is the starting point for the property owner’s cashflow estimates. Secondly, the correct rental asking price can mean the difference between attracting a tenant quickly and having a vacant rental property. It is important to find the balance between a price that limits time on the rental market but that also guarantees a good return for the property owner. Either way, you don’t want to give money away by having a property sit vacant for too long or by charging a very low rate when you could have gotten a much better one. We have the tools to help find that balance. I have lived in the greater Houston area my entire life, so I also know Houston well.