Over the years we have seen many nice properties degrade from the simple lack of routine preventative maintenance. Routine maintenance items are usually inexpensive easy fixes if caught and repaired in a timely manner. Over time even the smallest issues left unchecked can cause a chain reaction of damages to your property and end up causing you much more in the long run.
As a property manager we get asked this question on a regular basis. Coming up with the correct asking price is not always easy and there are many things to consider when determining the rent for a property. You will need to consider what comparable properties are renting for and what is different about those properties compared to yours.