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Updated over 9 years ago on . Most recent reply

Account Closed
  • Rotonda West, FL
8
Votes |
59
Posts

Finding rental amounts for the vicinity of your property

Account Closed
  • Rotonda West, FL
Posted

Hi everyone.  I'm close to putting up my condo for lease, but I'm having trouble finding comparable rental amounts for units already rented in the condo complex I'm part of.  Is there a resource I can use to find how much people are paying for rentals in the complex?  The problem is, I can get to open listing online with sites like Zillow, but once the condos are listed, they're removed.  So I'm looking for something more historical.  I need this information so I can properly price my lease.  Please let me know what you think.

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,351
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13,452
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

You're too hung up on finding units in your complex. A tenant most likely isn't specifically seeking that complex; a tenant is usually looking for a house or an apartment, and in some area or neighborhood. Say you have a two bedroom apartment - a tenant looking for two bedrooms would be interested if the neighborhood and price match the tenant's expectations; if the price is too high, you won't get many looking at it. So find rent amounts that are appropriate for your neighborhood. 

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