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Updated over 8 years ago,
Lakeland, FL (Central) - Question on rent setting
Hi all,
As i'm sure you all are readily aware it seems like rent prices are just driving up and up these days. Obviously great news for us landlords, but I was curious if anyone in the Lakeland area has done any recent rent pricing in the 33815 zip code (east of wabash).
About the property:
I've got a duplex that we've been doing a massive amount of repairs to (new cabinet/countertops, new drywall on part of it, removing window units and putting in mini duct splits, full house electrical rewire, brand new plumbing, new roof/soffit/fascia, new bathroom tiling, new paint, etc.) and now is the time to start really nailing down rent rates. I wouldn't say the property is beautiful, but its definitely going to be up to the latest code and clean. I own it outright with no loan so its not a matter of making a minimum, but obviously i don't want to undercut myself (or price it too high). One side is a 2/1 and the other one is a studio but it might as well be a 1/1 (just no formal living room). The 2/1 has access to a washer/dryer. water would be included in rent. no garage, but behind the fence parking is available. My plan is to look for someone with decent credit, no evictions, no backlog of liens/child support, no felonies, minimum of 3x verifiable income, and employment for at least the last 2 years.
I just haven't decided on rent and security deposit #'s. Any help would be great!