Skip to Content

Keep Rent Competitive with Dickinson Market Comparisons This Spring

Dickinson Rental Property with a For Rent Sign in the Front YardThe best way to make sure that your Dickinson rental homes are leased at a competitive rate is to carry out regular market comparisons. Along with the multiple tasks for seasonal maintenance and repairs that are needed for proper property management, assessing market rental rates should be on your spring to-do list. It doesn’t matter whether you’re getting ready for new tenants or handling long-term ones, a market comparison can ensure your investment homes stay profitable and your rental rates in line with the other homes in your area.

Preparing for a market comparison starts with acquiring complete information about your own rental homes. You’ll need to have information for each rental home; information such as the square footage as well as the age and condition of each major element. From the roof to the appliances and everything in between, you need to have a clear picture of your rental property before you can be sure you’re doing a direct comparison to other rentals in your area.

After getting all the information about your own Dickinson rental property, explore that same neighborhood and look into similar rental homes. In the same way that the asking and the final purchase price of a house can differ, so can estimate and proposed numbers vary from the actual rental rates.

A good market comparison can show you how much homes like yours are presently renting for, and it will help you decide whether you need to increase or decrease your rent. If comparable properties are renting at rates higher than you have asked for in the past, increasing your rent can lead to increased income without losing your competitive edge. On the other hand, if the neighboring rental homes are renting for less than yours, bringing down your rent will quickly attract new tenants and shorten the amount of time of the home’s vacancy.

A market rent assessment may seem like it needs a lot of effort put into it, but it is a crucial part of ensuring that your investment properties stay profitable. The excellent news is that the professional property managers at Real Property Management Prestige can help you. We understand the intricacies of the rental market in Dickinson and the areas around it. This means that no matter where your rental homes located, the price will always be a competitive price. Don’t hesitate to contact us online or give us a ring at 281-532-5455 to know more about our FREE market rent assessment.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details