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Updated almost 10 years ago,
Rent pricing Condo vs Existing Apts
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!!