Jan 19 2008
Real Estate Property Leasing True Or False
1. A Fair Lease, per month, is 1% of the home’s value. This is generally TRUE. I have seen a trend towards 2 prices, one with yard maintenance and other items (pool, spa, etc.) and one without.
2. Short term leases can be rented for more than a long-term lease. TRUE. Because the property owner has more risk of a vacant property, the market rewards the property with a higher monthly rental rate.
3. Getting your “price” is the most important item in leasing. FALSE. The most important item is finding a tenant who will pay on time and will treat your property properly. I feel that this is more important than any other factor when renting your property.