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Updated almost 18 years ago, 02/07/2007
Figuring Rent Amounts
Hi All. New to the forms but not to Real Estate. I own 3 single family rentals and in Escrow right now on a Duplex here in Tigard Oregon. I would like to move to all plexes and get rid of my single family residences. But my question is, I have always just took a wild stab at rent amounts and guess I'm pretty lucky cause I have everything on leases with my lowest Rent at $1,025 but is there a way to find out what rents should be in a given area? One side of the duplex I'm buying is rented by the owners daughter for $850 a month and I think that is way low. it is 1256 sq feet 3bdr 2bth attached garage and backyard and all appliances. My best "GUESS" is at least $950 a month in the Beaverton area. Anyone have any ideas?
Playing with the property Analysis program here and see there is a lot I need to learn :) I am a Realtor that deals mostly in new construction subdivisions in Oregon.
Thanks a Bunch