Calculating monthly rent

[Kahren Aydinyan]

Hi everyone! I've been looking at comparing monthly local rents for 3/1 and 3/2 SFR and multifamily properties using rentometer, Craigslist, and other websites size as Zillow etc. Made a spreadsheet to compile the local data.

Rentomoter mean for the area is $1300/mo (sample size of 8 only within 10 miles and 18 months of data; min $1150 and max $1850).

On Craigslist and rental websites the rates range from $1450-$2100/mo.  

How do I proceed to analyze and decide what a property should be renting for in this case? Should I be calling local PM and asking?  I've read multiple books and for me trying to figure out rental price is difficult.

Thank you!

[Trenton Miller]

Craigslist is also a powerful tool for this.  Lots of rental prices for various properties to go through and compile yourself.

Keep in mind it is Craigslist...  None the less it is a helpful tool.