Rental Comps

[Mark Wilton]

Hi all,

I've been working primarily in Rehabs and am trying to get started within the Rental industry however am needing a little push in the right direction around rental comps.When it comes to Rehabs, I'm comfortable running my own numbers outside of the MLS for ARV but would like any tips or tricks for consolidate Rental Comps analysis.

I understand there is Rentometer.com etc but want to steer clear of that with my due diligence. Am I best just stepping back from my Rehabs for the time required to visit Rentals in the neighborhood, call newly rented property etc and speak to other landlords in the area? Is there a more reliable consolidated data portal than Rentometer?

Thanks as always!

[Matt Madalis]

@Mark Wilton

As mentioned, Craigslist and Zillow are good sources to determine asking prices. Depending on your area there may also be a number of properties for rent listed on the MLS.

If you have a good agent, have them run a CMA which can tell you asking prices for rentals as well as days on the market and final price rented for if applicable.