Chicago, IL (PRWEB) March 20, 2014
PropertyOwner.us.org is working on releasing a guide for landlords to be able to set rents at a fair and profitable price, the company said yesterday.
“One of the main ways to use real estate as investment income is to rent out the property,” a PropertyOwner.us.org spokesman said. “But many first-time investors don't have a clue about how to set the rent. If they try to set it too high, the home may stay vacant for a while. If they set it too low, then they are missing out on regular income. We want them to set it just right.”
The PropertyOwner.us.org guide will be broken down by different regions and cities to reflect that rental prices are not the same from coast to coast, he said.
“The price of a studio apartment can range from several thousand dollars in New York to a couple hundred bucks in the Midwest,” he said. “Much of it depends on the market, so we need to break it down in ways that reflect different market realities. This should also help people figure out where the best places are for them to buy investment property.”
The guide was created due to customer demand, he said.
“One of the most common questions we get from property owners is asking us about rental properties,” he said. “That made us think that we could serve our customers well by using our expertise to create a rental pricing guide. It took some time but we are proud of what we have achieved.”
PropertyOwner.us.org allows consumers to look up the value of any home or property in North America. View public records such as code violations, home inspections, previous owners, current market value and more. Get more information about a current residence or a property you are interested in purchasing with this extensive property database. Visit PropertyOwner.us.org to chat with a live representative, call 1-866-577-5365, or email Manager(at)PropertyOwner(dot)us(dot)org with any questions or concerns.