How do you estimate the market rent that will allow you to maximize your rental income for your investment property?
In this video, I will share some best practices in deciding on what the current market rent is. I will cover 5 steps to ensure that you select the right rent to attract the right tenant and keep up with your operational expenses.
[0:30] Charging market rent for more wealth
[1:37] #1: Define your neighbor market
[2:25] #2: Be clear on target tenant profile
[3:39] #3: Review the rental comps
[5:20] #4: Test the market
[7:18] #5: Talk to real estate professionals
[8:22] Mistakes smaller landlords make
Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.