Rental comp calculation

[Dave Schimmels]

What is a good way to get accurate rent comps with existing tenants based on the area? I have a duplex in cleveland with a combined 2,336 sq. ft. Are the comps from the Bigger Pockets per unit figures? Each unit is $725. I feel I'm on the low end, but my COC return a year later is roughly 14%. I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.

any advise would be much appreciated. 

Thanks

[James Wise]

Quote from @Dave Schimmels:

What is a good way to get accurate rent comps with existing tenants based on the area? I have a duplex in cleveland with a combined 2,336 sq. ft. Are the comps from the Bigger Pockets per unit figures? Each unit is $725. I feel I'm on the low end, but my COC return a year later is roughly 14%. I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.

any advise would be much appreciated. 

Thanks

 Talk to experienced PM's and Landlords in the area.

[Zachary Deal]

@James Wise Nailed it. I would reach out to experienced PMs, landlords, and realtors in your area to see what others are charging. Going to local RE meetups can be a great way to make these connections!

[Joshua Janus]

Quote from @Dave Schimmels:

What is a good way to get accurate rent comps with existing tenants based on the area? I have a duplex in cleveland with a combined 2,336 sq. ft. Are the comps from the Bigger Pockets per unit figures? Each unit is $725. I feel I'm on the low end, but my COC return a year later is roughly 14%. I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.

any advise would be much appreciated. 

Thanks

 Talk to experienced PM's in the area. I have a rolodex of connections if you would like.

Also you can use a combination of the websites below

rentometer.com

zillow.com  (look for the ones with a lot of applications

[Jessica Larson]

Local PM's can get you the most accurate rent amount for your property. The online tools are a good way to get a ballpark number and can sometimes be close to accurate, but a PM is able to tell you a more accurate amount.