With the economy struggling, every one is trying
their best to stay abreast of what the unknown future
holds. Most people our rethinking their once secure
futures. Many tenants are opting to downgrade their
apartments size, location, etc.. For landlords the tough
part is keeping tenants to live up to their contracts,
and keep units from becoming vacant for any extended
period. A new useful tool which may help with current
estimated comparable rental values is www.rentometer.com
This site will let you know if your current rents are
competitive to the surrounding market. On the downside
these estimates do not give the ability to compare amenities.
To compare amenities, call the listed rentals and ask what
amenities are included with the rent. By being competitive
in this tough market you will lessen your exposure to losses.
Hector Gutierrez, Real Estate Broker, Investor, Contractor C-10 Licensed
WeSpeakRealEstate Blog 