Imagine your new rental property in Fremont, sits vacant for months, and months. Soon you realize you might need to lower your rental rate. The question is, how much? What is the right balance between vacancy, and lost profits? Setting rental rates for investment properties in Fremont is not an easy task. Here is a short list of 5 "down and dirty" secrets you can use when setting rental rates for your investment properties in Fremont, .

1. Research The Fremont Market Before you have any idea what your rate should be, you need to learn as much as possible about the Fremont, rental market. Check out the local newspaper and see what your competitors are charging for their Fremont, rental properties.

It is a good idea to check the rental rates of similar properties, as well as rentals in Fremont, that are in close proximity to your own. Location has a big impact on how much you can charge for rent.

Being located in a "trendy" or "hip" neighborhood in Fremont, might mean that you can afford to increase your rates. But be careful, increasing them too much will mean you won't have any interest in your rental property.


2. Understand Renters In The Fremont Area All rental properties in Fremont, are not the same, nor is every renter. Defining your ideal renter will help you determine the perfect rental rate.

Some tenants in Fremont require certain things, while others require something different. With the most significant being, space. Square footage needs to play a big role in how high, or low you set the rate for your Fremont, rental property.


3. Analyze The Economy At a certain point it becomes cheaper for renters in Fremont, to buy a house, rather than rent. When interest rates are low, it won't take long former tenants to figure this out.


4. Network With Your Fellow Landlords in Fremont, Talking with other landlords in Fremont, gives you a heads up when it comes to emerging rental trends.

Keeping your finger on the pulse of the rental market ensures you'll know whether or not you need to adjust your current rate.


5. Adjust For Added Features The more your Fremont, rental property has to offer, the more you can charge tenants. Does it have washer and dryer hookups, off-street parking, or a dishwasher? These, as well as others, need to be factored into the price you charge the renters in Fremont.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.