Best source for market based rental rates

[Jason Bellant]

Just starting on my rental property journey. I am closing on my first two properties in the next 30 days looking for the best source for keeping up-to-date with market-based rental rates.

[Joyce Tavares]

Even though they all give you rental rates, they are assuming the units are basic with 2/1, 3/1, etc.  If you have other amenities, then you need to adjust the rent accordingly.  If you get a lot of attention to your ad, then maybe the rent is too low.  No attention, rent is too high.  You only need one qualified applicant, so don't despair and don't rent to someone just because it has been vacant a while.  Best to have it vacant then rent to tenants who may destroy your property or who cannot pay the rent.  Screen, screen, screen.  If you rent to people with pets, then you get more applicants.  All my units are pet friendly, just make sure to get renter's insurance w/pet addendum.  Happy landlording!!!