Yes. 1. Determine a likely rental rate if you re-list. We will provide an estimate, but it's likely 5-10% above the current rate if your resident has been in place for a few years. Unfortunately, in a lot of markets we have seen rates decline 5-10% from the peaks, and owners rarely take that news well. It doesn't change the fact that in most of our markets, rents have without question declined, and without question, if we want to fill them we will need to put the burning desire not to backtrack on rates out of our minds. 2.  Determine the estimated cost of turning over the rental to put it back on the market.  As with prices, it is often shocking these days for owners who have to come to terms with the cost of repair services.  This is also very well documented and not something that should ever warrant debate (it does though).  It's highly unlikely you will turn over a premier move-out for under $1000 these days.  We outline straight-line depreciation, normal wear and tear, and state laws regarding reasonable charges in depth in other questions.  A major turnover these days runs well over $3000, and the sqft of your home plays a massive role in this issue.  The charges we usually deal with our highly specific to the size of the home.  Despite these rising costs we provide a copy of your cash flow statement, and 90% of them will show figures that are 50-75% nationally accepted averages when comparing repair costs to income earned or the "repair to income ratio". As well as the "operating expense to income ratio"  that includes most other charges associated with managing a real estate investment. 3. Determine if the math makes sense.  Look over your long-term cash flow to get an overall perspective of the investment's performance, and if it makes sense to continue in an environment that is likely to produce 10-20% lower returns from this point forward (generally accepted among pros). Then consider the stress and investment required to turn over the home now.  You will want to look at the turnover outlay required up front (average $3000), versus what it will deliver.  In most of our markets, the average rent is $1600, and operating costs are considered to run about 50-75% of that.  We usually perform much closer to the pre-COVID standard of 30% which is massive outperformance. However always use conservative estimates, so we'll assume 50%.  Our average lease is also 24 months so this investment decision will look a bit like this. 1600 (or your estimated rate) X 24  =  $38k X 50% for "operating expenses" = $20K net income.  For this example, a $4000 investment today on average will easily net you $20k net income over the coming two years.  That alone is a huge cash-on-cash return (the real estate investing holy grail in our opinion), and we usually far exceed it.  That also usually allows you to get exceptionally beneficial tax treatment, retain that sub-5 % mortgage rate in an inflationary world, and enjoy the leverage of using very little of your own cash for the luxury of having someone pay off your major asset. For someone with the right mentality, it's hard to go wrong in rentals.  For those without it, it's hard to go right. Below you will find more technical details on the re-rental process. For nearly two decades we had a set re-list policy.  We would put the home back on the market for 10-15% more than what we were currently getting depending on the ease of renting last time, and the current overall trend we're seeing.  We also consider upcoming seasonal shifts.  During COVID this strategy was not effective given the mind-boggling swings we would see, but it is now the best approach for 90% of listings.  To be sure, we will do an active market analysis, but that is typically the recommendation these days.  This also works if rents have fallen in your area, we would just need to pick up the pace if we suspected that before listing, and find that we are getting little interest afterward.  Stale homes do have a stigma, systematically reduced homes listed with a leading reputable company do not. Rents have been flat for nearly 2 years in most of our markets, so we would most likely be overpriced at this point, and we then settle into a rhythm of extremely effective, highly consistent price reductions. We will provide an estimate based on active nearby listings, and the traffic / interest they are receiving.  We also consider upcoming seasonal trends. If rates are soon to fall we will certainly be more aggressive on starting rental rates.  If we see a strong season ahead as we do in late spring and fall, we might be less likely to stick to our normal process of consistent small price reductions.  Those reductions generate thousands of email notifications to nearly every person who's ever shown interest in that property.  If they still have interest and receive two notices in 20 days that the price has been reduced, it tends to engender a sense of urgency and fear of loss.  We often reduce $50 and receive dozens of calls after being on the market for 2 weeks.  It's a powerful method that we have used to great effect for nearly 2 decades, except during the COVID saga.  Even a $15 reduction is powerful for homes under $1000 a month. It has an equally powerful benefit in that it eliminates our bias, your bias, and the tendency to prioritize a higher rate over the daily cost of vacancy which pushes $100 a day on average now. When we let a home sit on the market overpriced and don't reduce, we're waiting for a stronger market to arrive.  Quality tenants do not overpay, and they move fast when they see a value. The rental market is huge and fluid except in very rural areas. If a home is priced properly, it will always rent in under 30 days if managed well.  If managed well and it is not renting, there are basically two possible causes and nothing else.  1.  It's in bad condition.  2.  It's overpriced. Both are out of our hands unless you approve common-sense repairs. Some owners are willing to pay $100 a day to avoid reducing $100 a month, in effect betting big on the bird in the bush, rather than the one in the hand and that's your right.  If we don't drive the strategy, we don't take responsibility for the results.  Prices should get consistently reduced in most cases and if they are not, you are breaking with our advice and will need to accept your results.