Rental Property Investor · Baltimore, MD · Member since 2020 · 40 posts · 19 votes
Hey,
I’m a newbie to real estate in the Baltimore area and I’m trying to figure how to get a ballpark number for rents. What are good resources to get accurate rents?
I have my first property under contract right now... it’s a 3 bed 2 bath 1900 sq ft detached house in Catonsville, MD.
I have some idea of what it could rent for around $1800 - $2100 from realtor sites and rental ads. But I need information and comps.
Property Manager · Member since 2018 · 174 posts · 185 votes
6y
If you work with a Property Manager, they will help determine rent value. If not, you can go to places like Zillow, apartments.com, etc to find properties similar to yours and pull comparables!
Property Manager · Member since 2018 · 174 posts · 185 votes
6y
If you work with a Property Manager, they will help determine rent value. If not, you can go to places like Zillow, apartments.com, etc to find properties similar to yours and pull comparables!
Rentometer.com is good source / tool. Also, if you're working with a real estate agent have them pull rental comps from the MLS (MRIS).
You can also scan Craigslist for similar listings in the area and even email the property managers or landlords from these listings to see how much they typically rent their properties for.
Open craigslist, type in "Catonsville" zoom in on the .1 or .2 mile radius where the house is, and see what properties with the same criteria are being advertised for.
If you're still unsure, call one of the person's ads and ask them