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Updated about 7 years ago on . Most recent reply

User Stats

8
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0
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Jeffery Cass
  • Real Estate Agent
  • Roanoke, VA
0
Votes |
8
Posts

What should I be charging for rent?

Jeffery Cass
  • Real Estate Agent
  • Roanoke, VA
Posted

Recently placed an ad on Facebook to rent a 2 bed 1 bath house for $600. Kind of a bad area. That is why I put the rent so low. 

My Facebook account got blown up with response. As much as 200 people responded.

I think I asked too little for rent. What should I do now?

Most Popular Reply

User Stats

12
Posts
8
Votes
Dennis Craig
  • Software & Real Estate Professional
  • McKinney, TX
8
Votes |
12
Posts
Dennis Craig
  • Software & Real Estate Professional
  • McKinney, TX
Replied

@Jeffery Cass - I see that you're a licensed agent in Virginia. I would advise doing a comparative market analysis of similar rentals in the area, assuming you have access to the local MLS. With that sort of response, there's a good chance you should be asking for more.

Shy away from public websites like Zillow, Trulia, etc., as someone else has already mentioned, because the data is often inaccurate.

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