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Updated almost 9 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Micah Harris
  • Investor
  • Lexington, KY
2
Votes |
7
Posts

Finding market rent???

Micah Harris
  • Investor
  • Lexington, KY
Posted
I'd like to raise my rents as I believe they are under market value. How would I go about finding out this information on what the market is renting comparable to my 16 unit complex?

Most Popular Reply

User Stats

308
Posts
229
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Anthony Chara
  • Investor
  • Centennial, CO
229
Votes |
308
Posts
Anthony Chara
  • Investor
  • Centennial, CO
Replied

Ask your property manager to perform a Rent Survey for you. They should be checking with all comparable apartments in the area as to how much they are getting for rent and what's included with the rent. Such as; water, electric, gas, internet, cable, etc. They will then make a recommendation on if and how much you should raise your rent.

  • Anthony Chara
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