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Updated over 3 years ago on . Most recent reply

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3
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Morgan Kennedy
1
Votes |
3
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Pricing a Rental in CT

Morgan Kennedy
Posted

Hi All, Thanks for taking the time to read, and I'll keep this succinct:

I recently purchased a rental property in the Middletown CT area and it required a lot of work. I know what the rents were before, but am trying to get an opinion on what they should be going forward. Does anyone have a solid resource for pricing rents based on a revised property condition, or would be interested in providing some guidance on pricing it? 

Some basics: 
2x Units - located on the 2nd & 3rd Fl, ea is 950 sqft, they are 3bed 1bath, off street parking, electric utilities not included, includes washer/dryer/dishwasher/stove in unit. New flooring, new drywall, redone bathrooms,  Old rents were <1k (legacy tenants who moved out pre-purchase) which was known to be below market. 

Thanks - I can provide pictures, or would appreciate any input. 

Most Popular Reply

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373
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299
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William Collins
  • Investor
  • Rocky Hill, CT
299
Votes |
373
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William Collins
  • Investor
  • Rocky Hill, CT
Replied

I use rentometer and BP insights to set my prices here in Connecticut. 

  • William Collins
  • Loading replies...