How Much Rent Can My Home Bring In?
This is a rather tricky question. Typically, without having a property estimate on your home, guessing how much rent it could bring in might be a challenge. There are websites that you can view recent home sales in your area and potentially gather a reasonable estimate of your home value. It also depends on the type of tenant you are looking for: young professional, established family, young couple, students, etc.
Dallas Rental Values
There are many different districts in Dallas that your home could be located in; Arts District, West End, Downtown, Uptown, Addison, Lower Greenville, and more. Each one of these districts has a very different type of tenant, and overall layout of the house, size, and age could play an important factor.
Cost Per Square Foot for Dallas Rentals
In many cases, cost per square foot is an important indicator to tenants. They want to see what kind of value they will be getting for the price they are paying. If you currently own a condo in downtown, the cost per square foot will be considerably higher than that of a detached home in the suburbs. Tenants know this and expect this. Catering your home to the right tenant will ensure you and the tenant will get the best values.
LEAP Property Management Rental Quote
We pride ourselves on ensuring our clients have the most information before making a rental decision. We offer free quotes which will help guide you in the direction you need for getting top-dollar on your property. We will also inform you of the best potential tenants in your area and make small upgrades recommendations that could bring in extra rent.
Contact LEAP Today
Ask for a free quote and have the most information about who could be renting your property, and what rent to expect. Let us show you our services so you can make the most informed decision when renting out your valuable assets.