First it does not matter how much you want to get for your home. What sets the price is the market. In your exact neighborhood what are other homes like yours renting for? If you do not know the answer you need to pretend like your trying to rent a home like yours and see what is available.
Second I have a very nice home and renting is a pleasure because of the screening process and monies I require up front ect. No one gets in to see it unless they have a 700 credit score and that is only the beginning part of the screening process.
If $2500 was the correct price you want to make sure that after they have a 700 credit score that one individual makes $9000 per month.
Post back because I would like to help you with this decision process.
Thanks for your reply. I have researched and believe that $2500 is reasonable for this house in this area. Did you have trouble finding a renter who has the 700+ credit score AND that high of an income? It just seems like most people in that financial situation would already be homeowners...not renters.
I'm just wondering how small or large my pool of qualified applicants will be?