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Updated about 1 year ago,
Finding Tenants / Charging Right Amount For Rent
Hello Everyone ,
Recently I put an offer in on a home in Houston TX , 4 units. After a bit of negotiation it was accepted and we are going through the process of closing soon. All the units have been recently renovated and are in an area which i see alot of potential in the upcoming years due to it being near downtown (appx 5-15 min away ). I will be living in the one of the units myself and want to maximize on the amount of equity and rental income. Any insight on the following questions would help.
1. any suggestions on best process and way to find tenant ? I would like to possibly do this myself to save on hiring someone.
2. What tools do you recommend to make sure I do not charge too low on the rent.
3. Since i have to include utilities in the rent , there aren't that many comparable units for rent in the area. Any recommendations on best way to calculate this ?