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Updated over 4 years ago on . Most recent reply

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Mike Proctor
  • Realtor
  • San Diego, CA
0
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3
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How much to charge for rent?

Mike Proctor
  • Realtor
  • San Diego, CA
Posted

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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529
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466
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Stephen J Davis
  • Rental Property Investor
  • Houston, TX
466
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529
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Stephen J Davis
  • Rental Property Investor
  • Houston, TX
Replied

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

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