Many individuals are aware that investing in property management is a great way to increase their annual income. And knowing how hard it can be, many determined individuals still choose to dive right in! In doing this, it is important to stay away from the various stigmas and myths out there telling you how to price your properties. You want to make sure you stay fair so you can stay afloat.
One of the biggest myths floating around about landlords is how they are able to price their properties. Some of the major misconceptions stated by Onerent include:
- Landlords can charge as much as they want
- Rent can be raised and lowered whenever
- Rent should be set to follow inflation
- Landlords know the price the property should be rented at
- Landlords can increase the rent if the tenant has more available money
- Rent price should not be set in stone
To find out more about these myths and the truths behind them, visit OneRent’s article regarding the top 6 myths about rental property pricing. Click here to read: https://www.onerent.co/rental-property-management/six-myths-about-rental-property-pricing-landlord-guide/