Updated about 15 years ago on . Most recent reply
Rent Comps
What are the best sites to get accurate rental comps?
Most Popular Reply
The MLS by far is the best source to determine market rent in an area. However, I found that Hotpads.com is a pretty solid source as well.
Typically I combine the data on a basic supply and demand graph. This helps me determine what market rent equilibrium is for that particular area and for my particular property. It seems to be a little overboard for some however, I found out that I was 25 dollars short on what I could be charging for rent by this method. It also proves to be a good marketing strategy to potential tenants. (Stressing fair market prices)