Property Evaluation Process
At Crystal Pines Property Management, we don’t just guess at what your property’s rent should be! We have a property evaluation process that we’ve developed over the years to accurately assess the true market rent value based on sound facts.
Here’s how we do it!
How Much Will The Rent Be?
The first thing a new landlord wants to know is how much rent can he or she get for their property. I prepare a CMA (Comparative Market Analysis) to establish an average rent possible.
I then personally inspect the property to evaluate the neighborhood location and condition, then age and condition of the subject property. All of this information factors into getting the right monthly income for your rental property
Using this information I can get a very accurate idea of a market rate for a monthly rate for the property.
If an owner has a budget and a vision for updating and upgrading a property then I advise on where the dollars should go to get the largest increase in rent.
In our area, the military presence accounts for roughly a third of the Colorado Springs economy. This provides us with a highly mobile population. We also enjoy a higher per capita income.
Approximately 36% of the citizens in the Colorado Springs area are renters. We enjoy strong rents, high demand for rentals, and a tight supply.
This, along with a high influx in the state makes Colorado Springs a mecca for landlords.
These conditions can be a great environment for a successful landlord experience, and we work hard to make your property rental experience a great one.
Need Help With Your Rental Property?
Call now to talk to Amy Scheller about maximizing your rental property income.