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Updated over 2 years ago on . Most recent reply

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Chris Farinella
  • New to Real Estate
  • Long Island, NY
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Determining “True” Market Rent?

Chris Farinella
  • New to Real Estate
  • Long Island, NY
Posted

In my area, I understand it’s typical that the tenant pays for heat, air conditioning and electric while the landlord pays for water, sewer, and sanitation.

When looking at rental comps in other areas (or even my own) how can I possibly tell if rent comps are higher because the landlord pays for utilities, or lower because the tenant pays?

Is it standard practice that rent is listed assuming the utilities are paid the way I initially explained?

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,408
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Chris Farinella:

You read the listing description. If that doesn't tell you, contact the listing agent and ask them to explain specifically what the Landlord pays and what the Tenant pays. Even in your area it's not always one way or the other. You need to dig in and research each property indvidually.

  • Nathan Gesner
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