Cash Flow Guys Podcast

Setting the rent amount for your property can be a daunting task, in fact one small mistake can cost you a year or more of lost rental income.  There are many methods available to determine what fair market rent can and should be and in this episode we cover several of the most popular.    5 ways to set fair market rents Stay Current with economic and business conditions in the area:  Knowing what is going on in your market will serve you well, for instance, in my small town developers are building a large multi family development.  Its my feeling that in the short term this could increase rents as the developer fills up newly built apartments.  the down side of this is that during a recession, the larger apartment communities are often first to drop rents in order to maintain occupancy levels.  Soon, small investors follow suit which I am not keen on. Use Rentometer and Craigslist to stay up to date on comps:  our show sponsor Rentometer is our go to source for finding comparable properties that have been r