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Tips for setting the right rent for your investment homes

By James Brown

Attracting tenants to your investment property in Caboolture's real estate market is a juggling act between appealing to their sensibilities while also keeping your portfolio as profitable as possible. 

This can mean being smart about renovations and getting the most bang for your buck, or going the extra mile during the research phase to find the ultimate growth area for the future. But one surefire way to entice people to your home is through setting your rent at a competitive, reasonable level. 

It can be difficult to understand just how much you should be charging per week for your home. Factoring in things like the number of bedrooms, the property's location and proximity to nearby amenities, and even the current real estate market – these will all need to be accounted for when setting your weekly asking rent. 

One way to gauge your home's rental value is by taking a closer look at your local community. Compare and contrast what other landlord's in the area are asking for, and set this up against you home. Do they have more or fewer bedrooms? Is there a sizeable outdoor area? Does their home cater to local schools? 

Placing these homes against your own can give you some insight into popular real estate trends, which can in turn influence your own asking rent. Be sure to speak with a professional property manager as well to gain their expertise on the matter. 

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