Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Kevin Pitsinger Jr
  • Real Estate Agent
  • Garrettsville, OH
3
Votes |
8
Posts

How much to charge for rent?

Kevin Pitsinger Jr
  • Real Estate Agent
  • Garrettsville, OH
Posted

So we won in auction our first investment property. It's a duplex in Northeast Ohio, set on 5 acres in the country. It sits about 500 feet off the road and it's pretty quiet.

Each side is 3 bed / 2 bath. In the basement of the left side, three MORE bedrooms were built before we bought the property, but they can very well be offices or "man-caves" etc. On the right side of the duplex there is just 1 extra room in the basement.

Each side also has all appliances minus dishwashers, hardwood/laminate floors besides carpet in the bedrooms that we just replaced, and wood fire fireplaces.

We are wondering how much we should be charging for this, because it's not quite a normal city duplex. They have a decent sized yard, and a huge porch on the front and back.

By the end of getting it ready to rent out, we will have ~90k invested total.

Any help on this matter would be greatly appreciated.

Loading replies...