Just got an accepted offer

[Andy Mejia]

Hey guys,

Just got an offer accepted and I must say that I am excited. I wanted to ask you all a question regarding my rental property and rent for my units. So I would be the owner of a 4plex with 1br/ba per unit in portchester New York. Avg rent for a single bedroom is exactly 1600. I’d allow them access to the backyard and laundromat but they pay all the utilities and I’m looking to net 1700 a month per unit. Do you think my pricing is fair or aggressive?

Thanks.

[Theresa Harris]

What are the units currently renting for and what are the terms of the lease? You have to abide by the current terms of the lease until they expire.

Put yourself in the tenant's shows and ask if the average rent is $1600, what makes your unit worth $1700?