New Bedford, MA · Member since 2015 · 361 posts · 114 votes
Two Questions:
1. How do you truly determine "Market Rent". Is it just looking at comps in the area? Or is there a specific website that states the areas market rent?
2. How do you classify a property as an A, B or C? Likewise with the neighborhood?
Investor · Cary, IL · Member since 2014 · 124 posts · 95 votes
11y
For market rents I like to use a combination of calling local rental agencies, throwing the address on rentometer, zillow, and lastly......craigslist for the low end of the range. The more data points you can gather the better. I don't average these, but lean more towards the numbers I get from the agency and rentometer.