How do you find at market rental price?

[Victoria Radcliff]

I am trying to learn how to know to look for solid rental numbers that you can rent for and not under or overcharge. Zillow estimates and it sounds like some people look at it what is for rent in the area but no two houses are ever the same. How do you go about finding your rent number for your calculations?

I personally am doing rent by room method. In my mind I think $600 a room make sense but I don't have any reason to think that is a good number.

[Kyle Spearin]

Hi Victoria--these are excellent questions! I recommend looking at at least 3 sites before determining a price: zillow, craigslist, and hotpads. I personally like hotpads the most because it shows a map where you can really hone in on a specific neighborhood's value.

Outside of these websites, I would also recommend seeing if you can work with a local real estate agent and have them send you rental listings within a certain area or fitting your criteria. This is a great way to cross reference pricing.

Good luck!