www.rentagain.nz   >   viability / changing tenancies  >  rent setting Rent Setting Markets dictate rents

Wise invertors first ensure their rental will return them the same interest on their investment as other available options.  See viability. It may be wiser to sell rental properties that are clearly not competitive with other investments "Markets" dictate rents    ●   Higher rents discourage quality renters    ●   Lower rents  reduce financial viability Links to help establish current local "market rents"     ●  Tenancy services *     ●  TradeMe      ●  Facebook's rental property groups     ●  NZ Property Investors Federation      ●  Local property managers' websites     ●  Local newspapers or notice boards     ●  Other local tenants and providers. * Tenancy Services' guide to market rents can often be out of date.  Markets set different rents based on:-     ●  Number of bedrooms     ●  Presentation,     ●  Location     ●  Parking and storage facilities     ●  Fencing, privacy, sun, views,     ●  Heating, ventilation, insulation     ●  Furnishings and appliances   Market rents change when changes occur to local:-     ●  Population     ●  Industries (jobs)     ●  Government policies, inflation, taxes and rules     ●  Interest rates     ●  Seasons Top