recommendations to figure rent prices
Hey everyone!
I just recently registered to be a Bigger Pockets pro member. I'm looking into acquiring my first rental property and I was wondering if anyone had any recommendations to see what everyone uses to compare rents in different neighborhoods? I've been using rentometer and Zillow but wanted to see if anyone has any other suggestions?
thanks!
Most Popular Reply
Check zillow/hotpads/CL/FB market place, for similar houses, and see what they go for as a suggestion/starting point. You should adjust for amenities, such as including a WD. Check out the area/neighborhood-- should you be charging a premium or a discount? It's a mix of it being an art and a science.
If you're trying for section 8, go to your local redevelopment/rehousing website, and see what their maxes are and price accordingly.