I was born in Cincinnati, raised in England, and then returned to Cincy, where I graduated summa cum laude from NKU with a degree in Business. Before joining EquityTeam, I built a strong foundation in property management, with a focus on multi-family, Section 8, and single-family portfolios. I’m passionate about building strong communities, creating positive resident experiences, and delivering real results for Owner clients. Outside of work, you’ll usually find me outdoors - hiking, camping, or exploring new places. I love that my role at EquityTeam allows me to combine relationship-building, problem-solving, and industry-leading tech in a fast-paced environment to help both owners and residents succeed.
Personal
Favourite Food: Classic American Burger
Hobby: Camping
Favourite Artist/Musician: Linkin Park
Goto Destination: Alaska
24/7 Maintenance Line, WO oversight and management from our expert Property Services Managers (former inspectors and craftsmen) who advocate for the property’s best interest, ensure requested work is valid, and that any work performed is done well and at below-market pricing. Industry-leading technology allows us to communicate quickly and easily between Owners/Tenants/Managers/Vendors to make repairs in accordance with Owner’s “not-to-exceed” (NTE) amounts.
GUARANTEES (See terms)
1. Reduced Repairs Guarantee: Save 10% or more off the retail cost of repair work or we’ll credit you the difference PLUS 10% of the difference amount!
Regular inspections help Owners stay connected to the condition of their property, reduce liability, strengthen Owner’s position in security deposit disputes, and keep maintenance costs down over the long term by catching small problems before they become major repairs.
Everything typically needed for a standard eviction in compliance with state law.
Simplify Tenant utility bill mgmt, and significantly reduce Owner’s utility liability and headaches
Bad things can happen to even the most qualified Tenants. Eliminate concerns about a Tenant damaging your property, bankruptcy, divorce, health issues, job loss, economic variables, malicious damage, theft, and more! EquityTeam’s EXCLUSIVE “Protection Plus” (PP) offers complete peace-of-mind that your investment will continue to produce income.
Identifying rent increase opportunities, and the negotiation and coordination of signing a renewal.
Our comprehensive Lease offers many exclusive benefits to the Owner and Property that are only available while the unit is under ET’s management.
GUARANTEES (See terms)
1. Strongest Owner/Property advocating Lease the law will allow.
2. Mandatory Tenant-paid liability coverage protects Owner up to $100k.
3. Filter replacement program (tenant paid) to ensure HVAC systems are properly maintained.
4. Flexible payment options electronically or at local retailers.
5. Utility concierge and account management services keep an eye on Tenant-paid utility balances so they don’t become an Owner problem.
6. 24/7 maintenance with industry-leading technology.
Everything needed to quickly procure the most qualified Tenant for the property; from advertising to lease signing, in complete compliance with federal, state, and local laws.
GUARANTEES (See terms)
1. 12 Month Stay Guarantee: Our Tenant will stay for a minimum of 12 months or we’ll prorate the next Placement accordingly.
2. 21 Day or Less Leasing Signing Guarantee: We’ll find a Tenant for your vacancy within 21 days or we’ll credit the Management Fee until we do.
Rent Collection, Transparent Accounting, ACH Owner Draws, Dedicated Expert Property Manager Primary Point-of-Contact, Strong Tenant Management and Lease Enforcement, Owner-aligned pricing model
GUARANTEES (See terms)
1. 90 Day Satisfaction Guarantee: If either party wants to cancel within the first 90 days, we’ll refund ALL paid Onboarding, and Management Charges.
2. Pet Damage Guarantee: We’ll cover pet-related damages up to $2000
3. 24 Hour Response Guarantee: We’ll return your call or email within 24 business hours, or we will credit your account $25
4. Accounting Accuracy Guarantee: If we make an accounting error, we’ll fix it and credit you 10% of the error difference.
Pricing Your Cincinnati Property to Rent
Setting the right rental price for your Cincinnati property is critical for securing reliable long term tenants and maintaining profitability. Overpricing can lead to long vacancies, while underpricing may result in financial loss.
A well-researched pricing strategy is key to success in the competitive rental market. Additionally, understanding how your property compares to others in the area, along with market conditions and tenant expectations, will help you find the best spot for your rental price.
We have put together this comprehensive guide on how to price your property effectively. By taking the time to properly assess your property and the market, you’ll be able to make informed decisions that benefit both you and our tenants.
How to Determine the Right Rental Price
Rent pricing requires attention to multiple factors, including market conditions, property features, and tenant expectations. Here is a step-by-step guide to make this process more manageable.
1. Conduct Market Research
Market research is the foundation of rental pricing. Evaluate your property alongside comparable rentals in your neighborhood. Look for properties that match your home’s size, condition, and rental amenities. Keep in mind that pricing trends can vary significantly across Cincinnati neighborhoods.
For example, properties in downtown areas like Over-the-Rhine or the Central Business District may fetch higher rents due to their proximity to workplaces and entertainment hubs. Conversely, suburban neighborhoods like West Chester or Anderson Township may attract families willing to pay a premium for good schools and larger yards.
Use online resources to collect data. Online rental platforms can help provide insights into average rental prices for similar properties in your area. Additionally, reach out to local property management experts, like EquityTeam, who can offer personalized market insights tailored to your specific property.
2. Evaluate Your Property’s Characteristics
Your property’s unique features significantly influence its value. Key aspects to evaluate include:
Size and Layout: Larger properties and those with functional layouts generally demand higher rents.
Condition: A home in excellent condition with updated appliances, flooring, or bathrooms is likely to attract more interest and justify a higher price.
Amenities: Features like a modern kitchen, energy-efficient appliances, off-street parking, or access to a pool or fitness center can increase your property’s rental value. Account for any new renovations as well.
Also, consider your property’s curb appeal. A well-maintained exterior creates a positive first impression, potentially increasing tenants’ willingness to pay a premium.
3. Factor in Costs and Profitability
Before finalizing a rental price, calculate your total property expenses to ensure profitability. Include the following costs.
Property management fees, if using professional services
After determining your expenses, add a margin to achieve your desired profit. This step ensures that your rental price not only covers costs but also provides a reasonable return on investment.
4. Understand Tenant Demand in Cincinnati
Tenant demand can vary depending on your property’s location and the type of tenants you’re targeting. In Cincinnati, areas like Clifton and Corryville are popular with university students, while neighborhoods like Blue Ash or Mason often attract professionals and families.
Identify the characteristics that best fit your property and tailor your pricing strategy accordingly. Consider factors like proximity to schools, parks, public transit, and major employers.
5. Consider Market Trends
Cincinnati’s rental market is influenced by both local and national trends. Seasonal shifts often play a role; for instance, demand for rentals typically peaks during the summer months when families relocate or students seek housing. Listing your property during these high-demand periods can help you secure higher rents.
Additionally, monitor economic trends such as inflation, employment growth, and interest rates. These factors impact renters’ ability to pay and may influence your pricing decisions.
6. Adopt a Competitive Pricing Strategy
A competitive pricing strategy is essential to attract quality tenants. One approach is to price your property slightly below the market average to generate more interest and minimize vacancy periods.
Alternatively, offering incentives such as free utilities for the first month or a discount on rent for long-term lease agreements can make your property more appealing. Incentives can help you stand out in a crowded market without compromising your long-term profitability.
7. Review and Adjust Rent Annually
Rental prices should be reviewed and adjusted annually to reflect changes in the market.
For instance, if significant upgrades are made to the property or if neighborhood or apartment amenities improve, you may have an opportunity to increase rent. Conversely, in a slow market, small price reductions can help you retain tenants and avoid extended vacancies.
Bottom Line
Pricing your Cincinnati home to rent involves more than guessing a number; it’s a calculated process that requires careful consideration of market conditions, tenant preferences, and operating costs.
Understanding these factors can help you avoid common pitfalls such as prolonged vacancies or undervaluing your property. Staying informed about local economic trends and adjusting your rent periodically ensures long-term profitability and keeps your property competitive in the evolving market.
Remember, a well-priced rental not only attracts tenants but also retains them, reducing turnover and increasing your overall return on investment. At EquityTeam, we understand the challenges landlords face in pricing and managing their rental properties.
Our team specializes in providing end-to-end property management solutions, including market analyses, tenant screening, rent collection, and ongoing maintenance support. Contact us today to learn how we can help you unlock your property’s full potential.
Key Takeaways Annual Maintenance and Safety Checks Are Crucial: Regularly testing smoke and carbon monoxide detectors, inspecting for water leaks, and cleaning gutters helps prevent costly damage and ensures tenant safety and compliance with local regulations....
Key Takeaways Understanding Property Management Fees: Property management costs can vary depending on the company, property type, and range of services provided. Common fees include setup fees, ongoing management fees, tenant placement fees, lease renewal fees, and...
Key Takeaways Tenant Painting Can Create Costly Issues – While it may seem harmless, tenant DIY paint jobs often result in poor-quality finishes, difficult-to-cover colors, and added repair expenses, ultimately impacting property value and delaying turnovers....
Key Takeaways Boost Rental Income Without Raising Rent - Property owners can increase revenue through creative, tenant-friendly strategies like offering paid parking, pet rent, or on-demand services, adding value for residents without burdening them with higher...
Key Takeaways Stay Organized and Document Everything - Starting early and keeping detailed records of rent payments, income and expenses, repair costs, and more is essential for a smooth tax season. Well-organized documentation not only simplifies filing but...
Key Takeaways Annual Maintenance and Safety Checks Are Crucial: Regularly testing smoke and carbon monoxide detectors, inspecting for water leaks, and cleaning gutters helps prevent costly damage and ensures tenant safety and compliance with local regulations....
Key Takeaways Understanding Property Management Fees: Property management costs can vary depending on the company, property type, and range of services provided. Common fees include setup fees, ongoing management fees, tenant placement fees, lease renewal fees, and...
Key Takeaways Tenant Painting Can Create Costly Issues – While it may seem harmless, tenant DIY paint jobs often result in poor-quality finishes, difficult-to-cover colors, and added repair expenses, ultimately impacting property value and delaying turnovers....
Key Takeaways Boost Rental Income Without Raising Rent - Property owners can increase revenue through creative, tenant-friendly strategies like offering paid parking, pet rent, or on-demand services, adding value for residents without burdening them with higher...
Key Takeaways Stay Organized and Document Everything - Starting early and keeping detailed records of rent payments, income and expenses, repair costs, and more is essential for a smooth tax season. Well-organized documentation not only simplifies filing but...
Key Takeaways Annual Maintenance and Safety Checks Are Crucial: Regularly testing smoke and carbon monoxide detectors, inspecting for water leaks, and cleaning gutters helps prevent costly damage and ensures tenant safety and compliance with local regulations....
Key Takeaways Understanding Property Management Fees: Property management costs can vary depending on the company, property type, and range of services provided. Common fees include setup fees, ongoing management fees, tenant placement fees, lease renewal fees, and...
Key Takeaways Tenant Painting Can Create Costly Issues – While it may seem harmless, tenant DIY paint jobs often result in poor-quality finishes, difficult-to-cover colors, and added repair expenses, ultimately impacting property value and delaying turnovers....
Key Takeaways Boost Rental Income Without Raising Rent - Property owners can increase revenue through creative, tenant-friendly strategies like offering paid parking, pet rent, or on-demand services, adding value for residents without burdening them with higher...
Key Takeaways Stay Organized and Document Everything - Starting early and keeping detailed records of rent payments, income and expenses, repair costs, and more is essential for a smooth tax season. Well-organized documentation not only simplifies filing but...
