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Author Topic: Rental pricing  (Read 1877 times)

Offline qchomes

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Rental pricing
« on: September 30, 2007, 09:00:35 pm »
Can anyone give me some input /advice on the best way to find out what homes are renting for in a particular area. 

Offline Bluemoon06

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Re: Rental pricing
« Reply #1 on: October 01, 2007, 11:03:37 am »
You want rental comps.  Before I buy a house, I get rental "sold" comps.  This is not what houses were listed for rent, it is what they actually rented for.  You want houses just like your in the same neighborhood in the last 3 to 6 months.

Any real estate agent should be able to get this for you, but look at the houses to make sure they are the ones that are like yours in your neighborhood.  I have had houses pulled up that were in another neighborhood but because of how the developer bought the land back in 1965 it appears that they are in the same neighborhood.  You have to look at them to make sure.
Real estate to Retire you
http://sphinxwealth.com/

Offline propertymanager

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Re: Rental pricing
« Reply #2 on: October 01, 2007, 01:55:35 pm »
I'd just look in the newspaper classified ads and see what similar houses are renting for.

Mike
www.1MinuteToRentalPropertyRichs.com 
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties!  Everything from buying properties at a discount to dealing with terrible tenants.  Now In Paperback!

 




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