Hello everyone. This question may have been asked already but how do I determine what to charge for rent? I recently refinanced and took some funds and I’m gonna be renting my home out in Jan’ 07. Should I go thru a RA or try myself. One more thing, how can I get listed on a military base
Hi Anthony,
Like any other commodity, rental rates are market driven (unless you are in an area where there is rent control). There are several sources you can use: newspaper, for rent signs in your area, online rental ads, etc. You want to check properties that are ‘comparable’ to what you are offering: location, room count, square feet, amenities, etc.
For military rentals, check out www.ahrn.com. It’s a great resource.
Good luck!
Cate
<<One more thing, how can I get listed on a military base>>
If you don’t have base access, I would call the Housing Referal Office and ask them the procedures to list through them…in this electronic age, you can probably list with a combination of e-mail, digital photos, and faxes…
Keith
The common mistake for first time landlord/homeowner in setting the rental charge is trying to collect at least more than their mortgage. Whatever is the prevailing rental rate in a particular neighborhood is what should be set for that rent.
Getting your property listed in the base housing office shouldn’t be an issue. Sometimes it just depends on the base housing office policy. Just give them a call and you might be surprised to find out that all it takes is to have your fliers posted on their bulleting board.