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Updated almost 4 years ago,
How much to charge for rent
Hello BP, so I want to start investing in my home time. It's a very small city in Alabama,but I'm really have trouble figuring out how much rent goes for. Making it difficult to analyze deals for me I've asked local land lords and the ranges are all over the place for example I asked one and he said he has had this tent for 8 years and the tent pays 450/mo without bills and wants to sell me the SFH for 69000 a basic 3/2, but there is this other landlord who has a SFH and it rents for 750/month with bills included and has had the tent for 3years in it, it's a basic 3/2 and they are less then 10 miles away from each other now I know I have only given two examples but I have asked multiple people and it's all over the place. I tried rentometer but I guess the town is to small no info. Facebook marketplace for rentals but same thing I've check multiple times Over the last couple of months and no listings I checked Craigslist and no listing there either have checked Zillow as well but noting. Any suggestions or advice has any dealt with a similar problem. I really like that's town it's starting to grow fast now lots of new business and commercial Real estate buildings are being built. Feel likes there big potential but would love your help and advice. Thank you in advance to everyone who responds and reads this post.