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Updated over 4 years ago on . Most recent reply
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How much to charge for rent?
Would love an app or a tool that I can reference quickly to determine what different properties would rent for. I am fully aware of the 1% target but thats why I need to know what the current rental amount if for each properties neighborhood. I can see an estimated rent in Homesnap and I do not know if its accurate. I suppose I can just door knock and ask the neighbors, but I would prefer not bothering them. Any help would be greatly appreciated! Thanks all!
Most Popular Reply
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I get my rents from MLS. Get your agents to pull them any time they show you a home.
The 1% rule is way off in most cases. Never rely on that. I never use it period. A $400,000 house does not rent for twice what a $200,000 house does. It is all based off of comps.
- Stephen J Davis