estimating rent for a rental investment
Hello BP members,
What you are guys using to project potential rent of a property when analyzing a deal?
So far i have rentometer and checking with local property managers.
Most Popular Reply
Are you looking at apartments or SFR's? I find single family rent prices to be harder to nail down because there are fewer comps and they are harder to track. When I first started I kept a spreadsheet and tracked rental info for my area for several months, so that I could get a feel for market rates and how quickly places rented. Track whatever sources are popular in your area for listing properties (Zillow, Craigslist, FB marketplace, etc.). Within a couple of months I had a pretty good understanding of the market.