The Luxury Vancouver rental homes market is very competitive and sometimes the difference between landing a AAA tenant and having a vacant house comes down to properly pricing your home.
VIP tenants are not nearly as plentiful as tenants looking for lower priced properties, so you must do the most to attract them.
This begins with reasonable pricing.
To get an idea of what your competition is charging you should look to one of the major online advertising mediums like Craigslist or Kijiji. Start to comb through various advertisements and be honest of your assessment of how your property stacks up.Get a list of 5 to 10 similar homes with the same number of bedrooms, square footage, area and age and start to break down the similarities between these homes and yours.
Look at all the detailed information such as amenities, number of parking spaces and storage. Look at the general ambiance of the homes and compare with your home.
If your Luxury Vancouver apartment for rent has an extra parking spot than a similar property than maybe you can charge an extra $100 or $200 a month. However, if your home is on a busy street, and a comparable home is one a nice quiet street then you may have to subtract $300 when matching up head to head. The point of this exercise, is that the more unbiased you are during this process, the more apt you are to discover the true market value of your home.
Consulting a Vancouver property manager is usually the best place to start regarding pricing.
Be smart….leave it to the professionals to help you!