All Forum Posts by: Tyler Miles

Hey everyone,

I seem to be having an issue pricing my rentals (2). The first I got a new tenant in June and listed it (2 bed 1 bath 1000sqft) for $1,400. According to rentometer.com that was extremely high, but looking at other rentals in the area it wasn't much higher. I got 32 contacts in the first 24 hrs. I just listed my second rental last night (3 bed 2 bath 1440 sqft) for $2,000 and had 6 contacts in the first 30 minutes. That morgage is $1,320 so I'm making good returns there as well but again rentometer.com said it was extremely high. Other FB listings are around $1,800 for new construction. So am I pricing them to low? How do you guys decide what to price a rental?

How much is the current rent? If you increased it would one of them move out? Have any of them had late payments in the last year, or caused any problems you dont want to deal with?