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Updated over 5 years ago,
Unit renting at market rent?
I am curious what else everyone is doing to make sure that the rental unit is renting at or near the market rent.
I personally do the following:
1) Is the occupancy a lot higher than the average physical occupancy in that area?
2) Go on a couple of tours for other similar buildings in the area. Pretend that I am a renter and see what they are renting $/SF.
3) Ask my property manager for a rent comp.
4) Go on apartments.com.
Any feedback is greatly appreciated!!