How to set the right rent for your property

Rent that is too high leaves the place empty. Rent that is too low costs you money every month. A little research helps you find a price that fills the place quickly with a good tenant.

Compare similar places

Look at listings of the same type, size, furnishing and area. Use the middle of the range, not the highest or the lowest. On RentEase, a listing page can show how its price compares with similar live listings once there are enough of them.

Adjust for what makes your place different

Add for a lift, parking, power backup, a balcony or a recent repaint. Subtract for a long distance from the main road or an older building. Furnished places usually ask more than unfurnished ones.

Think about the whole cost for the tenant

The tenant also thinks about deposit, maintenance and bills. A fair rent with a reasonable deposit is more attractive than a low rent with a very high deposit.

Review the rent once a year

Agree the yearly increase in the agreement, so nobody is surprised. In the RentEase rent register, the landlord can change the rent from a future month. The tenant is told, and the current month's charge does not change.

Do not forget empty months

An empty month costs more than a small discount. If a place has been listed for weeks without replies, check your price and your photos before anything else.

You can compare real listings in your city on the Find a rental page.