How to set the market rate for your rental property

How do you estimate the market rent that will allow you to maximize your rental income for your investment property? In this video, I will share some best practices in deciding on what the current market rent is. I will cover 5 steps to ensure that you select the right rent to attract the right tenant and keep up with your operational expenses. [0:30] Charging market rent for more wealth [1:37] #1: Define your neighbor market [2:25] #2: Be clear on target tenant profile [3:39] #3: Review the rental comps [5:20] #4: Test the market [7:18] #5: Talk to real estate professionals [8:22] Mistakes smaller landlords make