We are in the process of buying a duplex that will be finished in January. We are going to live in one side and rent out the other. What is the best way to determine how much to charge for rent. The neighborhood has a lot of other duplexes but they are 20+ years old and 300+ sq ft smaller. So comparing the new with the old is a little difficult.
Thanks for your answers!
2007-12-03 09:48:21 · 6 answers · asked by ianoble6 1 in Business & Finance ➔ Renting & Real Estate
When the home is completed have the appraiser that does the final appraisal also do a rent analysis. that will give you a good idea as to how much to charge. Yes always get as much as you can at all times
2007-12-03 09:57:57 · answer #1 · answered by golferwhoworks 7 · 0⤊ 0⤋
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2016-07-18 16:45:02 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I would just go by what other people in your area are getting, and adjust accordingly. Try setting the rent at one price, and if no one bites, you can always try lowering it or negotiating with the renters.
2007-12-03 09:52:16 · answer #3 · answered by The Jesus 5 · 0⤊ 0⤋
Rent To Own Homes - http://RentToOwnHome.uzaev.com/?qjzj
2016-07-12 00:01:00 · answer #4 · answered by ? 3 · 0⤊ 0⤋
What you need it to bring in, plus a little more if you can get it. Put it out there at the highest possible rental & see if you get any bites.
2007-12-03 09:51:13 · answer #5 · answered by suzanne g 6 · 0⤊ 0⤋
check out:
http://www.rentometer.com/
it will give you comparable rents for your area, and is free.
2007-12-03 09:59:22 · answer #6 · answered by eric c 4 · 0⤊ 0⤋