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Updated almost 6 years ago,
Assessing Market Rents
I'm in the process analyzing potential deals, and lately I've been looking a quadplex properties in California. As you all can can probably guess, assessing appropriate market rent is a key part of my analysis. Finding the appropriate market rent has been a little challenging, though.
What tools do you all use to assess market rents? I've used RentCafe, but I don't know how accurate the rents can be on there. I know the best way to find out is to talk to probably chat with local agent and/or a property management company in the area, but I was wondering if there are any good websites or online tools that are accurate. Thanks in advance!