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Right rental price for SFH long term rental?

Posted Jul 29 2022, 13:45

What should I I do to determine a right long-term rental price for SFH property? Anyone has experience at college market? How can I make the best out of my SFH (1 mile from a major college)? I would love to do short term rental for that SFH property, but think long-term would be a better approach for college market. Thanks in advance for your input.

Baton Rouge, Louisiana

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Jeffrey Albaum
  • Investor
  • Austin TX
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Jeffrey Albaum
  • Investor
  • Austin TX
Replied Jul 29 2022, 14:06

Hi @Lynn Dinh! You can call local property managers to gauge typical pricing, or use a site like Rentometer to guesstimate. Hope that helps!

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Alex Evans
  • Memphis, TN
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Alex Evans
  • Memphis, TN
Replied Jul 29 2022, 14:45

Hey @Lynn Dinh

Using the things that Jeffery said are super helpful! 

I also use the Zillow rental manager and look at the comps in the neighborhoods. It is all about founding a good solid rent that people will pay! 

Look at the rental prices and determine which ones were on the market for the lowest amount of days and that can point you in the right direction as well.