Pricing your Orlando rental home correctly is a make or break situation. While you want to get the highest rent, there are several factors that you should consider before setting a price. Remember vacancy is the rental property owner’s enemy!!
1. What are other homes on your street or in your neighborhood renting for?
The market dictates the price!! Compare the rental rates of homes similar to your own before setting the rental rate. If similar homes are renting for $1200 in the neighborhood, you should not expect to rent your home for $1500.
2. What condition is your home in?
If your home is in need of work, such as new flooring or paint, you may not receive as high a rental rate as homes with fresh paint and new carpets.
3. What upgrades does your home have?
Many renters are now looking at feature areas such as kitchens and bathrooms to have fresh upgrades. Stainless steel appliances are a stylish and popular upgrade that potential renters seek. Bathrooms with ample light and counter space are also a key upgrade.
4. Does your home have any extra “amenities”?
Certain amenities, such as a screened porch, a fenced yard, a pool, or even just washer & dryer can be the difference between rental rates.
Avoid the frustration and headache of waiting months for your home to rent!
We understand that getting your home rented at the highest rate is key your goal, but being realistic will actually get it rented. Keep in mind that setting a rental rate too high is the difference between your home renting quickly and being vacant for months.
If you’re wondering what the correct rental rate is for your Orlando rental home, please call us and we will be happy to discuss setting your rental rate at a reasonable and market level. Our licensed property managers can be reached at 407-894-0671 or 888-61-4-RENT
