Just wondering how you research rental prices to know when to increase rents.
I have an apartment I rent out in Killarney Calgary. 2 bedroom. Used to go for $1575 per month and 2 years ago I had to reduce it to $1150 when Calgary’s market crashed.
Lease is up in May and I’d like to raise rent as I’m
Currently losing $500 per month.
I’ve checked rentfaster and I think $1350 is doable but unsure with how it is in Calgary at the moment.
How do you guys check rents to make sure you’re not making it too high or too low?
I have an apartment I rent out in Killarney Calgary. 2 bedroom. Used to go for $1575 per month and 2 years ago I had to reduce it to $1150 when Calgary’s market crashed.
Lease is up in May and I’d like to raise rent as I’m
Currently losing $500 per month.
I’ve checked rentfaster and I think $1350 is doable but unsure with how it is in Calgary at the moment.
How do you guys check rents to make sure you’re not making it too high or too low?