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Updated over 1 year ago on . Most recent reply

User Stats

28
Posts
6
Votes
Stefhan Malherbe
  • Investor
  • Palm Beach
6
Votes |
28
Posts

Rental comparison sites for market rate rent

Stefhan Malherbe
  • Investor
  • Palm Beach
Posted

Hello BP community,

I have a lease due for renewal in two months. The current tenant signed a two year lease and I did not raise rent during this period.
I will raise rent to market rate once the current lease expires. 

I am basing what I think market rate is on research from sites like Rentometer and apartments.com.

Are these sites accurate enough or are there any other sites I could use as well? 


I appreciate any feedback. 

Thank you 

Most Popular Reply

User Stats

6,413
Posts
3,685
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,685
Votes |
6,413
Posts
Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Stefhan Malherbe:

Hello BP community,

I have a lease due for renewal in two months. The current tenant signed a two year lease and I did not raise rent during this period.
I will raise rent to market rate once the current lease expires. 

I am basing what I think market rate is on research from sites like Rentometer and apartments.com.

Are these sites accurate enough or are there any other sites I could use as well? 


I appreciate any feedback. 

Thank you 


 Just look at what others are renting for in the area, keep it simple :)

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