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Rental income estimate
A rent figure on its own is not an estimate. A useful one shows the comparable units it came from, an honest view of time to lease, and the costs that sit between gross rent and what reaches you.
How an estimate is built
A rent estimate starts with units that actually leased recently nearby, at a similar size, condition and layout. Asking prices are not evidence, because a listing sitting unrented proves only that somebody hoped.
Condition then adjusts it. Updated kitchens, parking, in-suite laundry and outdoor space each move the figure, and a unit needing work rents below a finished one however similar the floor plan looks.
The rental positioning work behind it is on marketing and placement. Ask for a written analysis through contact before committing to anything.
What you receive
Units that actually leased nearby, with what they rented for and how quickly.
What your unit has and lacks against those comparables, and what that is worth.
An honest view of how long, because a high figure that sits empty earns nothing.
Management, maintenance and vacancy subtracted so the number means something.
Gross against net
From gross rent subtract management at 8% to 12%, a maintenance allowance, vacancy between tenancies, and the placement fee whenever a tenant changes. What remains is the figure worth planning around.
Pushing the asking rent above the comparables usually costs more than it earns. Three extra weeks empty on a $2,500 unit is about $1,730, which no realistic rent increase recovers inside a year.
These are typical ranges, not quotes, and your number comes from your site. Read management fees, maintenance costs and portfolio planning.
Cost pages
Each one broken out separately.
Estimates, answered
The questions owners ask about the estimate.
The rent estimate came as a range with three comparable listings attached, not a single number to win the business. The unit leased inside the range.
They estimated lower than another company and explained why: the parking and the older kitchen. They were right and the unit filled in two weeks.
The estimate included a vacancy allowance and the expected maintenance, so the net figure was real. First time I had seen that.
They updated the income estimate at renewal with fresh comparables. The increase they proposed was accepted by the tenant.
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No charge and no agreement needed. You get the comparables, a view on timing, and the costs subtracted.
Built from leased units · Net shown · Estimates, not guarantees