North Vancouver Properties To Rent – How much is too much?

  • 8 years ago
  • 1

North Vancouver properties to rent but how much will it cost you? Over pricing your property can lead to high turnover with your tenants in a highly competitive market. If you have priced your property in the same fair price range as similar homes in the area you will be less likely to encounter the ever feared empty space that you are paying for every single day. As we all know finding a good, safe, reliable party to rent your home is like finding the perfect employee. Once you find them, you want to keep them happy so they will not leave. Northshore rental homeowners should  do a full market comparison analysis in order to have a good understanding of what’s available, and what the competition is doing when structuring the price of their rental. You want to avoid any hard feelings between you and your tenant over the amount of rent you are charging while still maximizing the profitability of your rental property. If your tenant begins to feel price abused or feels like they are being taken advantage of, you may risk the chance of losing a good reliable tenant. Your property is one of the biggest investments you may ever make, so you have to ask yourself, do you want to have someone responsible for the care and safe guarding of your home that is unhappy with the situation. You must work towards a fair rental price that is ideal for you and your happy tenant. As West Vancouver Property Managers it is an important part of our job to analyze the surrounding properties to each and every property we manage to make certain the rent we suggest is competitive which will help it rent faster and maintain quality AAA tenants longer.

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