All Forum Posts by: Arielle O.

Hi all,

Going through the process of finding a renter for the first time -- we just identified a renter that is interested, any recommendations on background checking tools? I see one online called TurboTenant, is it just as good as others?

Thank you, very helpful!

In my analysis of comps, it is quite challenging to get a good feel (maybe due to COVID) as there are huge swings in what comps are going for ($600/month swings), as well as the fact that there aren't that many comps with same number of bedrooms and bathrooms. The property I'm looking at also has below-grade bedrooms which is a "negative" but is newer construction for the area, which is a "positive" considering most other houses were built in early 1900s -- how do you find accurate comps? Specifically, how much do you cut off average rent prices due to basement bedrooms? How much do you "add" for new construction (built last 5 yrs)?

Need some advice! We found what looks to be a steal - a 2 bedroom new construction super low taxes in perfect location (we otherwise wouldn t be able to afford this location) right in center city philadelphia, only concern is that both bedrooms are below grade in basement but it's in great condition since it's new. Thoughts on if we should take the leap? How undesirable is that really from a 1. Renting point of view and 2. Resale value in the future point of view? Anyone own a rental in center city with below grade bedrooms have issues renting?

Hello,

Anyone have experience with rental properties in Philadelphia? What are some areas that will have really high probability of renters, but also can see good cash flow? Looking in the 250K property value range.