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Updated over 4 years ago on . Most recent reply

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Richard K Hunter
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Finding rental price

Richard K Hunter
Posted

I'm a new investor on my first home.  What is the best way to find what price I should list my property for?

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James Furlo
  • Rental Property Investor
  • Coravllis, OR
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James Furlo
  • Rental Property Investor
  • Coravllis, OR
Replied

Exiting!

I like to start with rentometer.com to get a feel for the range. Then I go to Craigslist (and/or Facebook marketplace) to look for similar-sized rentals. I compare the condition and amenities to my rental to dial in the rent. When in doubt I go for the higher side of the range and if I don't get any bites within a few days (my market is pretty hot), I'll adjust down (tweak my heading/description/etc).

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