Overpricing your rental property

For Example:

A rental home is on the market in Lake Havasu for $2,500 per month. – Over Priced.

The competitive price that will cause it to rent = $2,000 per month.

Realistic scenario:

Let’s say the home DOES NOT rent for two months you would lose $5,000.

Let’s say you rented the home right away at $2,000 per month. – Profit $4,000.

Over pricing on the “hope” to get $500 per month more actually cost you $4,000.

If the home is a winter rental in Lake Havasu you may miss the entire short season – 

January – April (4 months) – Which will cost you $16,000 in the long run. 

Pricing competitively is vital at this time as we are seeing tenants vacate homes.  The cost of living and rents in Lake Havasu City have reached the tenants affordability. 

Make more money in the long run by letting Lake Havasu Property Management  help you price competitively.