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Updated about 4 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Sanjay Sharma
  • Fullerton, CA
12
Votes |
35
Posts

how to set rent price

Sanjay Sharma
  • Fullerton, CA
Posted

Hi, I'm almost done with rehab of my triplex.  I'm trying to decide what to rent each property.  my prop manager used rentometer and recommended the following:

3/2:  avg:  $2600, median $2700, 25% $2200, 75% $2900.  

2/1:  2000

1/1:  1600

The properties will be shiny and remodeled, i.e. new kitchen, bath. the 2/1 will be brand new.  location is long beach, 90807.  available 6/1/2020.  what price should I list them at.

Most Popular Reply

User Stats

593
Posts
298
Votes
Nabil Suleiman
  • Real Estate Agent
  • Los Angeles, CA
298
Votes |
593
Posts
Nabil Suleiman
  • Real Estate Agent
  • Los Angeles, CA
Replied

@Sanjay Sharma

I always start at a higher number if I’m not in a huge rush to get it rented right away. Lowering prices on rentals is never an issue and is not looked at the same way as doing a price reduction on a home. If after a week you have no attention, drop to your next number and test it out again. 

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The CSSA Group | Nabil Suleiman
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