Determining a fair and competitive rental rate for your property is important in attracting a tenant. FirstService Residential Realty analyzes the area where the property is located and inspects it to determine the appropriate rental rate. Comparable rents will be used from the Multiple Listing Service (MLS). Factors that affect rental rates include square footage, number of bedrooms and bathrooms, and other amenities. This process is typically reviewed at the end of a lease or before a lease renewal is sent.