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Updated over 5 years ago on . Most recent reply

Tyler Winchell's profile image
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Tyler Winchell
  • Member since Sep 11, 2019
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Tyler Winchell's profile image
Tyler Winchell's profile image
Tyler Winchell
  • Member since Sep 11, 2019
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Tyler Winchell
4
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39
Posts
Starting Out

How to decide how much to charge in rent

Tyler Winchell
Posted

If you buy a duplex for let's say 60k and after fix up it's worth 100k do you charge 1% of its value so 1k a month?

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Sean McDonnell's profile image
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Sean McDonnell
  • Real Estate Agent
  • from Surf City, NC
  • Member since Aug 3, 2017
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Sean McDonnell's profile image
Sean McDonnell's profile image
Sean McDonnell
  • Real Estate Agent
  • from Surf City, NC
  • Member since Aug 3, 2017
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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
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646
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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
Replied

Rent is dictated by your local market, not the value of the property.  Rentometer.com is a good resource to get a general idea of what a property will rent for. 

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