How to figure our the right rent - rental assumptions

How do you estimate the market rent that will allow you to maximize your rental income for your investment property? In this video, I will share some best practices in deciding on what the current market rent is. I will cover 5 steps to ensure that you select the right rent to attract the right tenant and keep up with your operational expenses. [0:30] Charging market rent for more wealth [1:37] #1: Define your neighbor market [2:25] #2: Be clear on target tenant profile [3:39] #3: Review the rental comps [5:20] #4: Test the market [7:18] #5: Talk to real estate professionals [8:22] Mistakes smaller landlords make 🗺️If you want help to align your personal financial goals with your new real estate investing strategy, check out this download: https/dwoodsrealestate.com/start 🗺️If you want help to map out the pros and cons of keeping or selling an inherited property, check out this guide: https://dwoodsrealestate.com/inherited-house 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list: https://dwoodsrealestate.com/subscribe 📣If you enjoyed this content, please tell a friend and share the link: https://www.youtube.com/channel/UC6le83kyR0j_dlYGYRDJsaQ/ I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams. LET’S STAY CONNECTED ACROSS SOCIAL MEDIA http://dwoodsrealestate.com/letsconnect 🤙If you want to talk to me about Philadelphia real estate feel free to email me at veronica@dwoodsrealestate.com or call (610) 872-7926. Veronica Woods Daniel Woods Real Estate PA License #RS330592