Can I charge more for rent If my property is close to the downtown area of a large city?
I am looking to buy out of town property. I am familiar with the area and travel their frequently. I looked into the average rental price and I found that it was around 600 month plus utilities at the minimum.
I cannot locate any rentals in the immediate area on craigslist but rent-o-meter reports that the properties will rent for 850-900 a month.
I am nervous because I haven't rented any properties in this location before but It seems reasonable that I could fetch 850 a month plus utilities except water and I could easily make a tidy profit even renting as low a 550 a month.
Is the property worth investing in or should i stay away from it?