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Updated almost 9 years ago,
Help! eviction and now back on market
I am finishing up my 2nd eviction in my short investing career (since 2013). Thankfully, this is happening in Texas, where the laws are landlord friendly.
Tenant failed to pay in Jan and eviction started shortly after. It took a little over a month for the tenant to be completely evicted.
Now the property is getting cleaned and back on the market.
My question is how to price the rent. I have a number in mind.
Here are some numbers:
4bed/2.5 ba, over 2100+ sqft in Spring, Tx.
Zillow Zestimate is $1500/month
Currently on the market:
4bed/2+ ba homes are for rent at $1499/mo (1789 sqft) and $1450/mo (1740 sqft) within 1 mile radius of my home.
3bed/2 ba homes renting
1229/mo (1718 sqft)
1400/mo (1735 sqft)
1300/mo (1504 sqft)
1500/mo (2,199 sqft)
1495/mo (2048 sqft)
1495/mo (1588 sqft)
1500/mo (1798 sqft)
What price would you rent my property - 4bed/2.5 ba 2100+ sqft?
A) 1350
B) 1395
C) 1450
D) 1500