Underwriting or analyzing deals

[Shelby McKean]

How do I determine rental prices in a neighborhood and the demand for rentals in that area?

[Ty Coutts]

Hi Shelby,

To determine rental prices and demand in a neighborhood, start by researching online listings on platforms like Zillow, Rent.com, and Craigslist to compare similar properties.  Analyze the area's economy, job growth, schools, and transportation, as these factors attract renters. Also, Engage with local real estate agents, landlords, and community forums to gain insights into market conditions. Additionally, consider seasonal trends, as demand often peaks in summer. If you have anymore questions, feel free to DM or email me!