Need advice around rent strategies
Hey everyone, just purchased our first rental property (SFR) and our excited to start our journey. If the house will be rent ready in mid-December, would you recommend a 15 month lease or so that it would renew in Spring? The rent calculator in BP as well as Rentometer both come in around $2,900 per month. Is that a good starting point in marketing for rent or would you go higher or lower? It also looks like Rent Redi is a good choice to manage properties, especially with it being free through BP. Appreciate any strategy tips.
It's been said a lot on the podcasts and forums, that while it's super convenient to search on-line for properties, it doesn't compare with seeing them in person. There were properties we thought for sure we'd be interesting in making an offer, but the actual condition of the house and/or neighborhood were much worse. Seeing a lot of properties in-person really enabled us to get started making offers.