Rent...how much???

[Yosef Leibovitch]

I am looking into investing in my first property. It is a residential single family home. I want to know how to crunch my numbers but I am having trouble determining what the rent would go for. Any advice?

[Adam Smith]

@Yosef Leibovitch In our area we look at Craigslist to see what is available and for what cost.  This doesn't mean it will rent for that though.  We have called and talked to the landlords in the area to see if we can get any additional information on the rental price (i.e.-if they are willing to lower the price).  If you don't want to call then at least watch craigslist everyday to get feal for how long properties on "for rent" based on how long they are advertised. 

You can always keep a running list of properties that are listed on CL and when they are removed call them and see if they rented the property and if so at what rent.

Good Luck!