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Updated over 9 years ago on . Most recent reply
How to determine how much to rent a property?
Just bought some apartments in a great area its four minutes away from Rhodes college . Each units has one bed room and one bath . My question is how do I determine how much to charge for rent to make a great monthly cash flow . How do I get college students that attend Rhodes to be interested in renting?
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James Wise
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James Wise#5 All Forums Contributor
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
See what your competition is charging for similar units. Check out Zillow, Trulia and craigslist for comparables.
Unfortunately the rental amount you will be able to charge has nothing to do with what is profitable to you but what the market will dictate.