Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does John L Scott Property Management determine the rent for my property?

April 26, 2017determine john l scott property Management Property rent

0

Posted

How does John L Scott Property Management determine the rent for my property?

1 Answer

0

Posted

• We determine the rent for your property by knowing the local market conditions and by comparing your property to like properties (that is, properties of similar size and location). • One may consider it ideal to have your rental income cover your mortgage, insurance, taxes, maintenance costs, etc. Your rental income may not cover this amount due to the market conditions or the condition of your property.