Finding the right price for your rental can be tricky. Price it too low, and you'll miss out on income (and your property might be perceived as "cheap"). Price it too high, and you may scare off potential tenants and face higher vacancy rates.
Looking to lease your rental property? Whether you're brand-new to the real estate world or have been around the block a couple of times, you likely know the first major decision you'll need to make is—do you self-manage or hire a property manager?
Prices matter, especially when it comes to real estate. Just think about how much time you spend at the grocery store debating between name brand and off-brand products—and that's just to save you a couple of cents.
Owning a rental property isn't cheap, but you probably knew that already. Mortgage payments, taxes, insurance—it takes a lot of cash.