How do you find your rental comps?

Question

Wanted to ask what other members do to find out rental rates around your properties?

I’ve heard from members on BP, that they use rent o meter and Zillow.

Any other suggestions which might be useful?

Thanks

Anthony Dooley · Answer

If you use a high quality property management company, they will tell you what the market rent should be for your property. Excellent property management, if you can find it, is worth paying for.

Kyle J. · Answer

@Candace Price  Zillow, Rentometer, and Craigslist are a few.  The more sources you check the better because none of them are entirely perfect.  Here's an article with quite a few resources and places you can check: How to Determine Fair Market Rent.

John Teachout · Answer

Rentometer and the Zillow family (includes Hotpads and Trulia) are probably the most useful. Craigslist is a good place to search as well. Properties tend to rent for what they're listed for as opposed to property sales which can vary a lot from ask. If you have properties in the same area, it's pretty easy to figure out what something will rent for in that market. Schools matter but aren't the end all. A local property management company may also provide useful information. Just search out a lot of rentals, compare to what you have and make a guess. If your price is too high, it will sit on the market. If too low, you'll fill it quickly but then may struggle to get it up to market with those tenants.

How do you find your rental comps?

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