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Updated about 2 years ago on . Most recent reply

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Norman Hiner
  • New to Real Estate
  • Hanover Park Illinois
3
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If your willing to teach I’m willing to learn!!

Norman Hiner
  • New to Real Estate
  • Hanover Park Illinois
Posted

I am looking for a mentorship relationship. I’m looking for an investment property in the Chicago suburbs area. More specifically I am looking to figure out much to charge for rent on my properties. I understand it varies on location and size. I need to learn how to set the monthly rental price. Based on my location. Can any one help me out? Please and thank you!

Most Popular Reply

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6,045
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,092
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6,045
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Norman Hiner why not reach out to your real estate agent and have them pull some comps? We do this for clients all the time, and it is part of what we do in the business. Hanover Park should have plenty of rental comps. I also would jump on Hotpads and look at active listings. That isn't 100% accurate as there are always people way high or way low, but you can see how your listing would compare dollar wise to listings within a mile as well. 

  • John Warren
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