Setting the rental rate for your unit is a collaborative process between Portsmouth Residential and the owner. Ultimately, the owner has final say over the rental rate as the property is the owner’s asset.
Portsmouth will recommend a rate based on the perceived market value of the property. We look at comparable units with similar features and amenities and take into consideration factors such as occupancy rate, current demand in the local market, and target occupancy dates.
We strive to keep rental rates competitive and in line with the local market. We conduct a weekly review of all our available units and may recommend changing the target rate based on traction and feedback from prospective renters.