Updated over 3 years ago on . Most recent reply
basing rent off income
Hey everyone, coming from a small rural town the average income for renters in my area is very low. When purchasing a rental property do any of you base your budget and rent price off of the area's average income or just make a set price? Is there a strategic plan to coming up with a rent price other than rent- payment = profit
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Theresa Harris
#3 Managing Your Property Contributor
Pro Member
#3 Managing Your Property Contributor
I do it off market rent for comparable units.