Pricing Strategies: Raising the Rent in Tough Economic Times

As a do-it-yourself corporate housing landlord, you may wonder when is the right time to raise your rental rate? Consider this: First, I was once given this advice: Your rental rate should have nothing to do with your costs, but rather the fair market value of what people would be willing to pay to rent your furnished unit. This means the fair market rate should be carefully weighed against a number of factors: Others furnished rentals in your area. Is your rental rate on-par with other, comparably-sized and located properties? You may want to raise it (and possibly lower it)...