Kalamazoo, MI · Member since 2017 · 1 post · 0 votes
My finance and I have a 2 bedroom condo in Kalamazoo, Mi but we don't know what to ask for rent. She was thinking $800. Its in Cherry Knoll condos. Can someone tell me if it's too much. Or not?
Investor · Buffalo, NY · Member since 2016 · 668 posts · 209 votes
9y
Look at the competition. Search Craigslist, Zillow, Redfin, and Rentometer to start. Move on to the local weekly real estate newspapers. Call some property management companies for ideas. Best of luck with your investment.
Vendor · Kalamazoo, MI · Member since 2016 · 93 posts · 56 votes
9y
It will depend on the condition of your particular unit. Cherry Knoll rents start around $700. Things will be slow this time of year too. If you want to rent it quickly you may need to come in lower than $800. I think $800 is reasonable for a 2 bedroom in the area - all other things being equal.
Investor · AK · Member since 2016 · 31 posts · 22 votes
9y
I currently have single units going for $850 a month and 2 bedrooms going for $950 to $1000. So far they have stayed rented and were taken up quickly. We utilize Icon Property Management and Greg Wood does an incredible job of placing very very good tenants.