Today we want to help you determine the value of your rental property in Oakland. The amount you can collect in rent every month will depend on a couple of different factors.
Location is one of the most important factors driving the rental price for your home. If your property is in east Oakland, its rental value will be different than if your property is in west Oakland.
The amount of rent you collect will depend on the type of property you have on the market. The price for a single family residence will be different from what you can charge if you have a condominium, a townhouse or an apartment for rent. There are also different rent ranges if you have a luxury apartment as opposed to just a regular apartment and if you happen to be in a high rise. These details factor differently in determining the value of your property.
The amenities that are offered with your rental home also have an impact on price and value. For example, you may be able to charge more if you have a swimming pool, or other services are included. If you’re close to public transportation or the property comes with a parking spot, those things will also make a difference in the value of your property.
If you need help determining your property’s value and how much you can charge for rent in Oakland, contact us at MSB Property Management, and we’d be happy to help you.