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Updated almost 11 years ago on . Most recent reply

User Stats

26
Posts
1
Votes
Sam L.
  • Tucson, AZ
1
Votes |
26
Posts

Resources for finding realistic rental rates?

Sam L.
  • Tucson, AZ
Posted

Quick question for people who buy rental properties.

How do you find realistic rental rates? I have a mentor in my area (a RE agent), and she is providing me rental rates far above numbers I am finding through online sources like RentOMeter and Zillow. To be fair, the properties I am looking at are multi-unit, so I would assume renting spaces individually would provide better cashflow.

My mentor chalks her estimates up to experience and knowledge of comparable properties, but I don't want to get burned by high estimates on my first property.

Any advice or resources would be greatly appreciated.

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