Nextdoor Investor Wants Advice

[Zee Ayezain]

Nextdoor neighbor rehabbed the property and added a level. It's now a 4 unit 1 bedroom building. They had it sitting for almost a year and a half with no work and not being advertised for rent. They are now looking at putting it on the market for rent. They asked me for help in figuring out the price point and so on. 

Are there any drawbacks to sharing info on the market with them? 

Anything else to keep in mind?

We share a back yard and i really want them to get good tenants so that we don't have any conflicts or issues. 

Thanks

[John Underwood]

First ask if they will sell it to you with any owner financing?

Ask if you could do a Master lease where you rent it below market rents and rerent it for $200 or $300 more and you mange the property and pocket the extra rent. This solves a problem of trying to show a house and manage remotely.

You can see what the Rent Zestimate is or look on rentometer.com to get market rent. You can also look at other rental ads on FB marketplace to find market rent. They don't sound like they know what they are doing if they are asking your for rent prices.