If your rental property is currently occupied, consider what the current market is doing.  If you can keep your renter on renewal time, do so.  Chances are, when the lease expiration approaches, the renter may look around to check prices.  It is much more valuable for you to stay occupied even if you have to lower the rent 10-20% than to risk a vacancy.  If you are curious as to what your rental property is worth in the current market please feel free to email us atinfo@absoluteisland.com.  We will prepare a market survey for you.