how to find what rents are in a neighborhood

Rehabbing, Fix and Flip, Rental Properties
1

hi guys i was wondering if anyone know a good website to find out what rents are in a neighborhood and if there are can you please give me the website thanks

2

There may be some websites that give numbers, but if you really want to see what people are getting for different places - I would check the local newspaper (or the newspaper’s website if they have one). At least you’ll see current ads with current asking prices. Many areas also have want-ad circulars that will have for rent ads too.

3

rentometer.com, can give you surrounding rents, but usually gives to wide of a range so you can use the map to look at surrounding rents for the number of bedrooms

4

craigslist, local newspaper, local pennysaver/ad-lines paper, local community paper, local REI club

I track the ads. The ones gone quickest have the most realistic rents. The ones that hang around for a few months are most likely realtors managing for failing investors.

jmd_forest

5

Call the number on the “For Rent” signs in the neighborhood and ask them what they want for rent. You have to call a bunch because you have to figure out what they have in them versus what you have in your s and you also have to take into consideration the guy that wants a million dollars for his house and it always stays empty versus the guy that has a paid off house and he is only doing it as a hobby and just wants to keep it occupied.

6

I usually scan Craigslist to see what people are asking for rental properties. It’s a good idea to do a search and see how long each ad has been posted, and/or reposted. It all depends on your area - because i primarily rent to college students, they are more likely to be targeted using online ads - so I don’t really scan the papers or use them. There’s also backpage.com - it’s becoming more popular as a competition to craigslist.