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Updated over 7 years ago,
Rent recommendation from an appriasal
I just got the appraisal report on the first rental property I'm buying and there is a recommendation for the rent that the house should get. They showed three rental comps and based on those they recommend that I rent for $1500. I was planning on listing it at $1400, but now I'm wondering if they know something I don't. How much faith can you put into the appraiser's recommendation for rent?