“How much will my home rent for in Grand Rapids?”
Hey everybody, this is Aaron with Access Property Management.
As property managers, one of the biggest questions we get asked is “How much money will my home rent for?” Here’s how we do it:
First thing we look at is comparables. We pull properties from our current management portfolio that are in your neighborhood and we look at them and compare them to your property and find out where your property falls in the mix.
We also look at properties that are currently listed because these are going to be your active competition. We want to make sure you are priced fair.
We look at your property and see what it offers that other properties don’t. We also look at what your property does not offer that other properties do offer, because this all has an impact on the final rent price.
The final thing we think about is season. In Michigan in particular, the prime leasing season falls approximately between April and early September. Outside of that time you may experience longer vacancy and possibly less rent, just due to the fact that not very many people like to move in the middle of winter.
FREE MARKET RENTAL ANALYSIS!
We do offer a free market rental analysis of your home. If you are interested in taking advantage of this please fill out the contact form and we will be happy to meet you at your property and tell you what we think.
You can contact our office by phone at 616-301-9450 in Grand Rapids or in Kalamazoo at 269-220-6033.