Charging top rent for your residential income property will help you earn more and also increase the overall return you get on your investment. There are a few tips that we have employed which we find can be helpful in earning as much rental income as possible.
Use a Corporate Strategy
There is a specific pricing strategy that larger owners of 100 or 500 unit properties use to earn as much income as possible. They evaluate their leases a month before they mature. Then they offer the tenant a set of new rental options based upon market rents and what kind of lease the tenant wants.