How do you determine amount for tenant rent?

[Kylee Fish]

Hello all,

I am new here and I have seen people talk about rent for their tenants and in the area of their building. How is the rent determined? What are the deciding factors? What is taken into consideration when deciding the amount?

[Aaron K.]

@Kylee Fish the market determines the rent you look at what other similar units are charging for rent and set the rent accordingly.