Property Management Blog

How Much Can I Charge for Rent in Columbus, OH

Mitch Deminski - Friday, April 21, 2017

In my nearly 20 years in the Columbus property management and real estate business, one of the most common questions I hear from potential investors is: How much can I get for my rental? When people call me, that’s one of the first things they ask.

And that’s understandable.

A few things go into my answer, though. One of the first things is to look at the rental property’s location. If it is near a busy road, freeway or train tracks, you will not get as much for your property as one that is in a quieter locale.

What school district your property is in, however, is the No. 1 driving force behind how high of rent you can command for your investment. Better districts command more money. It’s just that simple. If you are looking for a rental property, buy in the best school district you can afford. I guarantee, that decision will pay off. Another important factor is having a nice, clean and updated property. We can maximize rent for the area if we have one of the nicest properties in the area.

We can help you with that and tell you want to do – and what not to do.

To get a sense of just how much rent your property can command, I like sending out my leasing agents. I have five on my leasing team and they do an excellent job of getting properties occupied and giving me feedback about how we can improve.

They are my boots on the ground and I can send an email and get a response within a few hours with a description of the property (how many bedrooms, bathrooms, basement and garage) and get a good idea of how much we can get for rent.

We try to push the envelope and see how much we can get and something that’s nice about the rental market is, you can adjust the rent by $25 or $50 and get immediate response if you are getting close to the maximum rent.

I don’t like to leave ANY money on the table.

Solutions for Real Estate

If you are ready to become an investor and get the maximum amount of rent for your property, give me a call. Our team will help you get the most money for your property – guaranteed.