How do you price an in-law suite rental?

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  • Rental Property Investor · Drums, PA · Member since 2017 · 345 posts · 365 votes
    8y
    Kim Durst Try to look for some comparisons/ current market rate in your neighborhood. If none exhort, look for “Efficiency” apartments that offer similar sq footage. Also take into account the condition, other Anne writes you offer and utilities that are included in your price. Be comfortable waiting a bit longer because you are charging slightly higher. I’d much rather have a month or two of vacancy then a year worth of headaches from someone sharing a wall with my family. Screen them extensively and be very selective. Good luck!!
  • Investor · Louisville, KY · Member since 2017 · 199 posts · 253 votes
    8y

    If it is going to contain the in laws.......$10,000,000 per month.

    If not the in laws and normal tenants i would go with fair market value for the same size apartment in the area. 

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