This depends on several factors like location, property size, amenities, and current market trends. Researching similar rentals in your area and getting a comparative market analysis from a real estate professional can help you determine a competitive and profitable rental rate.

Look for tenants with a good rental history, stable income, and references. Some landlords also consider factors like length of lease commitment and number of occupants. Credit checks and background checks can be helpful tools in the selection process.

Generally, landlords are responsible for maintaining the property in a habitable condition, including repairs and ensuring appliances are functional. Local regulations may also dictate who is responsible for utilities and pest control. It’s important to have a clear lease agreement outlining these responsibilities.