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Updated almost 10 years ago,

User Stats

98
Posts
64
Votes
Erik Sherburne
  • Investor
  • Saint Paul, MN
64
Votes |
98
Posts

Rent pricing Condo vs Existing Apts

Erik Sherburne
  • Investor
  • Saint Paul, MN
Posted

I'm new to this and looking to get an investment property.   I want it to be low maintenance which is why I'm considering a condo/townhome.   Where I struggle is determining the rent.   How should I compare/evaluate an existing apt complex (not my own) vs a condo I'm trying to rent?  Is a condo more "desirable" for the public vs renting an apt?   If a nearby apt complex has rent at $1200 with slightly better amenities but less sq ft (as an example) can I ask for $1150?  $1250?  $1200?

Thanks in advance!  I'm new to the forum but already am learning a ton!!