Now that you've requested a Free Rental Analysis, here's what you can expect from us.
Now comes the value. You probably have already done some analysis yourself. You checked a few websites with rental listings that have provided you with a ballpark idea of what your home can be rented for. All is good; you’re all set, right? You may be surprised. We’ve found this method doesn’t work all that well. You could underprice, or even worse, you may invest in a property that is not going to fetch anywhere near the rent you expected.Â
Why? Because advertised price vs. actual price varies more often than not. We consider this along with vacancy duration, inclusion or utilities or certain amenities. Also to drive traffic to some of these sites, the webmasters will keep outdated listings posted.Â
Rental listings only provide data on properties that are currently available, not those that are already rented. This can skew the perception of market rent, as it does not account for potentially lower-priced currently occupied rentals.
Here’s where we can help. First, we have over 20 years of experience in the area managing properties and placing tenants. We deal with market conditions on a daily basis.
Our objective is to establish rental prices that reflect a thorough grasp of the market. This involves more than just considering the advertised prices. We consider various factors, such as the average length of vacancies, the typical time a unit stays on the market, and the proximity of your property to others. We also consider whether the property is newly constructed or established.
Advertised rental prices are indeed a part of our analysis. However, they are viewed within a wider context to guarantee a pricing strategy that is both competitive and accurate. This comprehensive approach ensures we capture the true essence of the market, providing you with the most reliable and effective pricing for your rental units.
Designated Broker / Owner, Desert Masters Realty & Property Management
