estimating rent for a rental investment

[Justin Scott]

Hello BP members,

What you are guys using to project potential rent of a property when analyzing a deal?

So far i have rentometer and checking with local property managers.

[Jen R.]

Are you looking at apartments or SFR's? I find single family rent prices to be harder to nail down because there are fewer comps and they are harder to track. When I first started I kept a spreadsheet and tracked rental info for my area for several months, so that I could get a feel for market rates and how quickly places rented. Track whatever sources are popular in your area for listing properties (Zillow, Craigslist, FB marketplace, etc.). Within a couple of months I had a pretty good understanding of the market.