Skip to Content

Setting the Right Price

When I visit a property for the first time, I have already done 75% of my research on the property before I arrive.  I have researched school district boundaries, local amenities, HOA presence and other facets of the property.  So, when I pull up and meet the owners for the first time, I am armed with good data.  Data is extremely important when pricing a property for the rental market.

Once I have arrived, I am looking at the condition of the home, the condition of the neighborhood, and anything else a potential tenant would consider important.  I am looking at the property through a prospective tenant’s eyes.  Once I have done a thorough and calculated review of the property, it is time to discuss the most important detail to the owner: the rental price.  If we consider that average monthly rent in Northern Colorado is $1200, we know that for every day a property sits vacant, the owner is missing out on $40.  That can add up quickly and become problematic if the property is priced too high.

Fortunately, many of my owners are surprised (or relieved) about the prices I quote.  So, the question is, how are we able to get a premium price for a property?  One key to getting the highest price is a well-positioned marketing program.   The more prospective tenants you can attract, the quicker a property can be occupied.

At the end of the day, setting the price of a property takes an experienced person who understands the Northern Colorado rental market.   If you have a property in Fort Collins, Loveland, Windsor, Timnath, Wellington, Greeley, or the surrounding area, contact us for your property management needs today.

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