Rent Comps

[Rudy Centeno]

What are the best sites to get accurate rental comps?

[Account Closed]

The MLS by far is the best source to determine market rent in an area. However, I found that Hotpads.com is a pretty solid source as well.

Typically I combine the data on a basic supply and demand graph. This helps me determine what market rent equilibrium is for that particular area and for my particular property. It seems to be a little overboard for some however, I found out that I was 25 dollars short on what I could be charging for rent by this method. It also proves to be a good marketing strategy to potential tenants. (Stressing fair market prices)